🚀 Bitcoin’s Special, Get Ready For 2024!
Let’s Dive Into It!
Bitcoin’s Thanksgiving Special 🦃
As you know the Bitcoin ETF deadlines are getting closer, and it won’t be the end. It will be the starting point because once they are approved I’m sure an Ethereum ETF will follow and the list goes on! Besides that, we have the Bitcoin halving happening in April 2024. While the market is already heating up…the next 6 months will be wild. Besides these two factors, find here another macro indicator which also points to a hyper bullish 2024:
- The Bitcoin Density Map
Here we can clearly see the prehalving accumulation stage which fully matches the bottom structures from previous cycles:
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- The HODL wave
For the first time in the history of Bitcoin, we can see how +70% of the total existing Bitcoin has not moved for a whole year. That’s hodling power right there
- Stock to Flow model
It’s amazing to see how precise this model has been during the last few years, and zooming out we can see the clear and strong correlation between the time, the stock to flow and the difficulty. And most importantly, how all of them impact directly on the Bitcoin price.
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