
Tags: bull
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BTC is down to $104,000 but is it time to buy the dip?
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This cycle differs from past ones, with artificial pullbacks after rallies hinting at institutional control and a delayed market climax.
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Altcoin rallies in this cycle have corresponded with BTC surges. Since bitcoin has a last leg to go, Dan insists there is still hope for altcoins.
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Short-term holder NUPL rising 0.8% daily may hit 40% sell threshold by June 11, fueling $162K BTC projection.
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Wynn entered the long Bitcoin position about a week ago with less than $390 million and has grown the bet to more than $1.1 billion.
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Rising realized price shows investors are buying Bitcoin at higher levels, reinforcing the strength of the current cycle.
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BTC’s Bull Score Index went from 20 to 80 as spot demand sparked a $103K breakout, marking one of the most bullish readings in a year.
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Bitcoin could be poised for a big breakout as more bullish signals are flashing and analysts are drawing comparisons to previous cycles.
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