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Hello readers,
Please note that we drafted this week's report before the two-week ceasefire was announced last night. That said, the latest news out of Iran does not impact the views expressed in today’s report.
Back to business.
BTC has now been trading in the $62.5k-75k range for 2+ months.
As this plays out, we’ve observed that some market participants are becoming more confident that the “bottom is in.”
The last time we saw similar price action was when BTC ranged from $84.5k to $97.6k, from late November of last year to late January of this year. The bears won that battle.
Who’s most likely to win the next one?
We explore in this week’s report.
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