š Gert van Lagen: Bitcoin has begun moving toward a new all-time high
Gert van Lagen is a Dutch technical analyst with a masterās degree in control systems.
ā¢ According to him, Bitcoin broke through the annual downtrend, for the first time updating the local high from the peak at $126,000
ā¢ At the time of the statement, Bitcoin was trading at about $85,900: roughly 30% below the all-time high
ā¢ The rally is accompanied by hundreds of millions of dollars in inflows into Bitcoin ETFs and notable liquidations of short positions, indicating that large players are positioned for a rise rather than exiting the asset
Gert van Lagen is a Dutch technical analyst with a masterās degree in control systems.
ā¢ According to him, Bitcoin broke through the annual downtrend, for the first time updating the local high from the peak at $126,000
ā¢ At the time of the statement, Bitcoin was trading at about $85,900: roughly 30% below the all-time high
ā¢ The rally is accompanied by hundreds of millions of dollars in inflows into Bitcoin ETFs and notable liquidations of short positions, indicating that large players are positioned for a rise rather than exiting the asset
