$BTC #BTC☀️
Based on fundamental and technical reasons, here is my projection for the most likely continuation of BTC price action. Below are the reasons supporting the new trend:
1) Institutional regulation by the SEC and CFTC
2) Growth in the global M2 money supply and greater global liquidity chasing the same goods and services, amid a demographic crisis that leaves the world’s economies little room to increase production, forcing them to resort to inevitable money printing worldwide, starting with the Fed, the ECB, and the People’s Bank of China
3) Expansion of the following trends:
A) Tokenization
B) AI and autonomous agents
C) General reform of the SWIFT system toward BLOCKCHAIN
These fundamental reasons brought about the change in trend and are keeping it going. With that in mind, and on this basis, BTC above 80k is sitting on a structural trend support level and forming a base for the next bullish phase from here on.
Technically, I expect this move to reach the 100k zone, followed by a Fibonacci retracement to the 61 zone, and then a move toward price discovery after breaking the high.
THIS IS MY THESIS AND MY ARGUMENTS
Based on fundamental and technical reasons, here is my projection for the most likely continuation of BTC price action. Below are the reasons supporting the new trend:
1) Institutional regulation by the SEC and CFTC
2) Growth in the global M2 money supply and greater global liquidity chasing the same goods and services, amid a demographic crisis that leaves the world’s economies little room to increase production, forcing them to resort to inevitable money printing worldwide, starting with the Fed, the ECB, and the People’s Bank of China
3) Expansion of the following trends:
A) Tokenization
B) AI and autonomous agents
C) General reform of the SWIFT system toward BLOCKCHAIN
These fundamental reasons brought about the change in trend and are keeping it going. With that in mind, and on this basis, BTC above 80k is sitting on a structural trend support level and forming a base for the next bullish phase from here on.
Technically, I expect this move to reach the 100k zone, followed by a Fibonacci retracement to the 61 zone, and then a move toward price discovery after breaking the high.
THIS IS MY THESIS AND MY ARGUMENTS