22 min listen
1281: GLASSNODE: Confident of Explosive Bitcoin Pump, Predicts Fed Rate Hike Pause!!
FromCrypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
1281: GLASSNODE: Confident of Explosive Bitcoin Pump, Predicts Fed Rate Hike Pause!!
FromCrypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
ratings:
Length:
27 minutes
Released:
May 14, 2023
Format:
Podcast episode
Description
The creators of one of the top on-chain analytics firms in the crypto space believe that Bitcoin is gearing up for an explosive move to the upside.
According to the Glassnode co-founders, the macro backdrop is starting to look favorable for BTC by market cap.
“$25,800 still remains a possibility, as indicated by the options market. Confident in our mid-term outlook of $35,000 as external pressures subside. Market pricing Fed pause in June, no rate cut – optimal for the run to $35,000 for summer."
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According to the Glassnode co-founders, the macro backdrop is starting to look favorable for BTC by market cap.
“$25,800 still remains a possibility, as indicated by the options market. Confident in our mid-term outlook of $35,000 as external pressures subside. Market pricing Fed pause in June, no rate cut – optimal for the run to $35,000 for summer."
Learn more about your ad choices. Visit megaphone.fm/adchoices
Released:
May 14, 2023
Format:
Podcast episode
Titles in the series (100)
599: BITCOIN HITS STOCK-TO-FLOW REBOUND LEVEL NOT SEEN SINCE 2017 ATH!! CRYPTO TO TRANSFORM 4 INDUSTRIES!: Deviation from the stock-to-flow average has always resulted in a reversal to new all-time highs, data shows. Both 2013 and 2017 ultimately saw a two-tier run to an all-time high. The first peak was followed by a significant drawdown in each instance,... by Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News