📰 Why has Bitwise changed its tune again? It just said NEAR was undervalued, and now it says BTC’s rally signal is reliable enough to change the rules
Bitwise just talked about this a couple of days ago, and now the firm has made another big move. It says BTC’s third-quarter rally is no ordinary one—the rules of the market have changed, and institutions are about to start competing with real money. Look at the timing: BTC fell from above $80,000 just days ago, and suddenly the $83,332 level has been defined as a “new starting point.” What does that mean?
Why is this news important? Bitwise used to be bearish on BTC, but now it says the market has changed. Put simply: money is really starting to flow into Bitcoin, and it could be there for the long term. What does that mean? The market may genuinely be moving from a “retail-driven” phase to an “institution-led” one.
What could this mean for the market? Most directly, if $83,332 holds, Bitcoin could be headed above $90,000 in the coming months. ETH at $2,557.5 could rebound along with it. More importantly, regulators may turn their attention to BTC, now that institutions are backing it.
💡 This outlook only holds if BTC stays above $83,000. If the U.S. suddenly starts cracking down hard on Bitcoin, it no longer applies.
This article is not sponsored by any project. The author does not hold any of the assets mentioned.
⚠️ This is not investment advice. Predictions are for reference only.
$BTC $ETH #BTC #ETH
⚠️ This is not investment advice.
#BitwisesaysBitcoin'sQ3rallysignalsaregimechange
Bitwise just talked about this a couple of days ago, and now the firm has made another big move. It says BTC’s third-quarter rally is no ordinary one—the rules of the market have changed, and institutions are about to start competing with real money. Look at the timing: BTC fell from above $80,000 just days ago, and suddenly the $83,332 level has been defined as a “new starting point.” What does that mean?
Why is this news important? Bitwise used to be bearish on BTC, but now it says the market has changed. Put simply: money is really starting to flow into Bitcoin, and it could be there for the long term. What does that mean? The market may genuinely be moving from a “retail-driven” phase to an “institution-led” one.
What could this mean for the market? Most directly, if $83,332 holds, Bitcoin could be headed above $90,000 in the coming months. ETH at $2,557.5 could rebound along with it. More importantly, regulators may turn their attention to BTC, now that institutions are backing it.
💡 This outlook only holds if BTC stays above $83,000. If the U.S. suddenly starts cracking down hard on Bitcoin, it no longer applies.
This article is not sponsored by any project. The author does not hold any of the assets mentioned.
⚠️ This is not investment advice. Predictions are for reference only.
$BTC $ETH #BTC #ETH
⚠️ This is not investment advice.
#BitwisesaysBitcoin'sQ3rallysignalsaregimechange