#positioningthemselves
positioningthemselves
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$62,000 is not the floor, despite the rebound's slowdown, as CryptoQuant reveals an improving outlook for Bitcoin, hinting at room higher.
Bitcoin, having rebounded from last week's $57,700 low to around $62,000, is now experiencing a natural slowdown in momentum. However, CryptoQuant's analysis indicates that improving demand, seasonal factors, and valuation support further gains. This aligns with smart money's strategy, who are now #positioningthemselves for a potential breakout. With their Bull Score Index reflecting a bear-market recovery, expect institutions to accumulate at this level, targeting a retest of $65,000. #CryptoQuant #BitcoinAnalysis Will this rebound hold, or will we see a retest of the $57,700 lows?
Bitcoin, having rebounded from last week's $57,700 low to around $62,000, is now experiencing a natural slowdown in momentum. However, CryptoQuant's analysis indicates that improving demand, seasonal factors, and valuation support further gains. This aligns with smart money's strategy, who are now #positioningthemselves for a potential breakout. With their Bull Score Index reflecting a bear-market recovery, expect institutions to accumulate at this level, targeting a retest of $65,000. #CryptoQuant #BitcoinAnalysis Will this rebound hold, or will we see a retest of the $57,700 lows?
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