The market has retraced 70% of the uptrend from 10k to 70k. This is the depth of retracement that typically makes smart money interested in bidding again.
We saw consolidation around these levels and also publicly expressed interest by big investors like David Rubinstein.
Alan Howard launched a Digital Assets fund with $1bn committed capital.
I expect capital to flow out of ETH into BTC due to the merge and POW being the actual mechanism that attracts long-term capital.
I anticipate the 2022 down-trend to be recovered with the same pace it happened, finding first resistance around the 48,000 level and continuing higher in the coming year.
I expect price to get out of the sub 20k zone within days.
We saw consolidation around these levels and also publicly expressed interest by big investors like David Rubinstein.
Alan Howard launched a Digital Assets fund with $1bn committed capital.
I expect capital to flow out of ETH into BTC due to the merge and POW being the actual mechanism that attracts long-term capital.
I anticipate the 2022 down-trend to be recovered with the same pace it happened, finding first resistance around the 48,000 level and continuing higher in the coming year.
I expect price to get out of the sub 20k zone within days.
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