Bitcoin is crushing countless bears!

From 53K to now, I have seen many bears!

Voices that it will fall to 47, 43, or even 38K are everywhere on Twitter and in the comments section

Now Bitcoin has slowly reached 62k, slowly verifying my previous point of view,

The following figure is the MVRV deep support area for short-term holders of Bitcoin. From 2013 to the end of 2023, this area has successfully conducted 13 bullish retests, with only 2 failures in history. This is the 16th retest.

The expected support for the bull market in the second half of the future is still funds and traffic!

At present, both are fully available:

Funding: interest rate cuts, ETFs

Traffic: Trump

After recent events, Trump is basically determined to be the world's number one traffic person,

The consensus in the United States will also be higher and higher, and Trump will attend the Bitcoin Consensus Conference in 2024, and it is expected that many policy benefits will continue to be released.

After this wave of traffic, with the entry of funds, it will be difficult for Bitcoin to fall.

So in the future, with so many favorable factors:

1. The bull market trend is bound to be

2. This wave of callback is basically coming to an end

3. Bitcoin's new high is bound to be

During this wave of callback, institutional whales have hoarded Bitcoin again in large quantities. I have previously posted a data chart of whales bottoming out, which is as high as the bottom-picking peak in 2020.

Plans are not changing fast, do you still hold the view that Bitcoin will continue to fall?

From the bottom to now, I will continue to bullish in the future until the logic of the bears emerges.