Macro Conditions Look Bullish for Bitcoin As Massive Supply Overhang Now Mostly Settled, Says Analyst
27 August 2024 - 6:00AM
The Daily Hodl
A widely followed crypto trader thinks that improving
macroeconomic conditions and easing sell-pressure bode well for
Bitcoin (BTC). Pseudonymous analyst Altcoin Sherpa tells his
220,300 followers on the social media platform X that he’s flipping
bullish on Bitcoin even though BTC’s market structure on the daily
chart remains bearish. “I am not personally too scared. […]
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Macro Conditions Look Bullish for Bitcoin As Massive Supply
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Bitcoin As Massive Supply Overhang Now Mostly Settled, Says
Analyst
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Macro Conditions Look Bullish for Bitcoin As Massive
Supply Overhang Now Mostly Settled, Says Analyst appeared first
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