Bitcoin: Bull Run or Bear Trap?

Bitcoin: Bull Run or Bear Trap?

By Bfab | Good vibes | 20 Jun 2024


I've been cautiously DCA-ing into Bitcoin, but with exchange reserves hitting a 3-YEAR LOW, a supply shock could ignite a massive bull run. However, the looming Ethereum ETF approval in July could trigger a "sell the news" event, potentially sending Bitcoin back down to $50k.

Altcoins are mostly riding Ethereum's coattails, lacking their own catalysts. Is this the calm before an altseason or a prelude to another crypto winter?

I'm cautiously optimistic, but I'm also bracing for potential turbulence. Will the Ethereum ETF be a blessing or a curse for Bitcoin? πŸ€”

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Bfab
Bfab

Thinking too much?


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