Why Bitcoin Inflows Set to Skyrocket This Week

Institutional Crypto Research Written by Experts

Author

Markus Thielen
March 25, 2024

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👇1-10) After being bearish for two weeks, we turned bullish over the weekend and sent a timely update to our subscribers yesterday morning. We expected an imminent move higher, and Bitcoin rallied +6% as the bearish overhang was replaced by renewed optimism.

👇2-10) We would have preferred for Bitcoin to consolidate a few more days, as this would have allowed our reversal indicators to hit screaming buy levels. Still, we suspected Bitcoin would start the week with an aggressive rally - as we enter the end of the quarter. Nevertheless, our three reversal indicators are bullish and will remain so unless the market (Bitcoin) trades below 68,000.

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