an interesting point in this period is we can see ETH outperform BTC due to more catalysts (US ETH ETF + Hongkong ETH ETF in May)
ETHBTC can go up to 0.07 max.
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Summer time
Btc sleeps
Whole market sleeps
Some special coins pumped and dumped as Buji Khalifa model
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BTC 63k despair > BTC 64k euphoria >BTC 63k despair > BTC 64k euphoria >BTC 63k despair > BTC 64k euphoria
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About catalyst & news, ETF US has driven Bitcoin from 40k to 75k ~80%
If HongKong ETF could not move bitcoin price It would be a disgrace to China
60k to 100k for this movement is fair
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BTC is on boring mode but It's on the level of Macro Cycle, which is the level of Electricity cost level (60k$)
the fair value ( Total production cost level) is 100k$
1 BTC = $100k is the matter of time in this summer
@DigiLeakBot
I think what we have to face in the coming days is ETH & ETH beta season.
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My indicator:
BTC will finish chop zone when ORDI hit 20$.
Possibly wick below 60 and fast recover to 75-80k
Timing: May
@DigiLeakBot
Normally It took 50-60 days for consolidation to prepare a big move.
Now BTC has been consolidating in this zone for 45 days already. It should take about 10 days to start a new big move.
@DigiLeakBot
Do you see that many people are trying to catch the bottom of ETHBTC chart ?
Zoom out. They are totally different with what happened at period 2019-2021.
Lower highs, Lower lows structure.
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