Well you also want to factor the amount of BTC that arrives in the exchanges from the mining pools that are really high now… i check it everyday on glassnode… when that suply crunch will arrive the pressure will change side… I am still bearish on the short term because of all these facts, then trading sideways for a few month and then, to the moon when the halving effect kicks in ( around the end of 2024)
Well you also want to factor the amount of BTC that arrives in the exchanges from the mining pools that are really high now… i check it everyday on glassnode… when that suply crunch will arrive the pressure will change side… I am still bearish on the short term because of all these facts, then trading sideways for a few month and then, to the moon when the halving effect kicks in ( around the end of 2024)