💥BITCOIN PRICE💥

In our opinion, these are the next factors that would impact the price of #Bitcoin

Notes to keep in mind:

✅ Historically, August and September have not been good months for bitcoin.

✅ There is currently less liquidity in the market to drive an increase.

Analyzing the market, at this time there is a need for liquidity” to drive up the price of bitcoin, in addition to the fact that the total supply of stablecoins has been falling from its maximum peak obtained 18 months ago.

#BTC needs catalysts to combat the current downward pressure. For example, the authorization of ETFs, which is increasingly likely to occur in the first Q1 of 2024.

We will be awaiting the decision of #SEC regarding the approval of said #ETFs since it will be key.