Michael Nadeau: Watching for $77,000 to confirm the Bitcoin bull market
Let’s lay out both sides:
Bullish case: The event gives the market a narrative and could draw more attention;
Bearish case: The good news may already be priced in, making the actual event a sell-the-news moment;
My take: Both sides have a point. Ultimately, it comes down to which way $BTC ’s price and trading volume go.
$BTC is currently at 80630.14, down 2.72% over 24h, with a 24h range of 80091–83102.73.
Let’s lay out both sides:
Bullish case: The event gives the market a narrative and could draw more attention;
Bearish case: The good news may already be priced in, making the actual event a sell-the-news moment;
My take: Both sides have a point. Ultimately, it comes down to which way $BTC ’s price and trading volume go.
$BTC is currently at 80630.14, down 2.72% over 24h, with a 24h range of 80091–83102.73.