I think
$BTC has a couple weeks of relief rally ahead and there are three main reasons I’m watching right now 👇
First, momentum has flipped positive. The 90 day market vs realized price oscillator just turned green and historically when that flips we tend to see short term relief rallies begin.
Second, positioning was extremely bearish over the last month with heavy ETF outflows and sentiment completely washed out across the timeline. (That usually creates the perfect environment for a squeeze higher once sellers are exhausted.)
Third, we’re seeing an interesting macro shift with the re