BTC/USD annotated chart. Source: Michaël van de Poppe/Twitter
Others continued a narrative calling for lower levels to reappear in the second half of 2023, after a midterm top. As Cointelegraph reported, an increasingly popular target for the year’s highs“The more time than passes with Bitcoin holding above $25,000 on the macro level, the more i am leaning towards a macro bottom being in,” popular trader Crypto Tony“I still believe we see a bigger drop later this year, but likely to be a part of a bigger accumulation zone.
According to Glassnode, the data stands out, “with only 130 / 5263 trading days recording a larger monthly position change.”Bitcoin Shrimp Net Position Change annotated chart. Source: Glassnode/TwitterThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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