Amidst the fervor surrounding Bitcoin’s price surge, fueled by expectations surrounding ETFs and halving events, critical analysis suggests that the current valuation may be detached from underlying fundamentals. As speculation outpaces historical patterns, concerns arise regarding the sustainability of this momentum, especially in light of emerging factors such as liquidity dynamics and inflationary pressures. With the landscape evolving in unprecedented ways, investors are cautioned to reevaluate their expectations and brace for potential surprises in the volatile cryptocurrency market.
$BTC should be closer to 44k according to WRESBAL
The ETF and halving hype is what the current price has been running on.
The timing of the liquidity deluge from the Treasury+RRP, rate cut rumors, and the ETFs was a momentum push that is now fizzling out.
If the halving is… pic.twitter.com/HC736qklWg
— Kain Osterholt (@ka1n0s) April 14, 2024
Views: 100