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Institutions Have Been Increasing Their Exposure to Bitcoin Ahead Of Its Exit From The 2016 Analog “Danger Zone” Today

NewsTech

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Bitcoin

We noted at the start of May that Bitcoin was towing its 2016 analog almost tick for tick. Today, as that analog's so-called danger zone ends, the world's pre-eminent cryptocurrency is back on firmer footing again, helped by an overall risk-on mood that was precipitated by GameStop's frenzy-inducing gains. Bitcoin's 2016 Analog And Institutional Interest #BTC Bitcoin has repeated 2016 history perfectly, offering a downside wick below the bottom of its current Re-Accumulation range within a three-week window after the Halving$BTC #Crypto #Bitcoin https://t.co/5GHCnZrmB1 pic.twitter.com/QauIFZtX9p — Rekt Capital (@rektcapital) May 11, 2024 In what has been a near-perfect echo of […]

Read full article at https://wccftech.com/institutions-have-been-increasing-their-exposure-to-bitcoin-ahead-of-its-exit-from-the-2016-analog-danger-zone-today/

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