This pullback looks more like it's washing out sentiment rather than the trend breaking down. The end-of-year target of $150k is still on the table, and the logic behind it isn't complicated: there are no systemic fundamental issues, and after the geopolitical conflict, $BTC is even stronger than gold. Strategy-type high-beta proxies continue to be viewed positively, which shows capital is still willing to give Bitcoin a premium. In the short term, $BTC looks more like it's waiting for a new catalyst. $BTC $MSTR

BTC0.39%
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