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RE: LeoThread 2024-06-16 17:32

in LeoFinance • 4 months ago

1/🧵 Bitcoin's recent price stability is a break from its usual volatility. With an 8.3% range over 30 days, we're either seeing the calm before a storm or a new era of stability. Low sell-side risk suggests limited selling pressure, hinting at a potential market move. #threadstorm #inleo

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2/🧵 The choppiness index indicates Bitcoin is ready for a weekly trend but needs more time on a monthly scale. This 'chop-solidation' could be Bitcoin syncing with historical patterns, like halving cycles, setting the stage for a predictable bull run.

3/🧵 Analysts are split on Bitcoin's near future. Some see a 'super compressed coil' ready to spike, while others expect more sideways action. Long-term trends may still be months away, but this could be a constructive period for long-term investors to prepare for the next big move.
https://inleo.io/@clementtt/bitcoins-quiet-phase-aeb