bullish

2024

Bitcoin

<ul class="news-points"> 
 <li><strong>Samson Mow thinks the main Bitcoin bull run is around the corner.</strong></li> 
 <li><strong>Mow blamed TradFi markets for Bitcoin’s recent decline.</strong></li> 
 <li><strong>Bitcoin fell 14.5% in the past week, dragging other cryptocurrencies along.</strong></li> 
</ul> 
<p>Despite the recent price crash, prominent Bitcoin personality Samson Mow thinks the main <a href="https://coinedition.com/tag/bitcoin-btc-news/">Bitcoin bull run</a> is around the corner. In a recent post on X, the JAN3com CEO noted that the recent BTC pullback is a temporary event caused by TradFi markets and amplified by increased surface area because of ETFs.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Bitcoin</a> is just being dragged down temporarily by TradFi markets – amplified because of increased surface area due to ETFs. But with M2 on the rise again it feels like the main event is almost here. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/264e.png" alt="♎" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/uecfBUnD5D" target="_blank" rel="nofollow">pic.twitter.com/uecfBUnD5D</a></p>— Samson Mow (@Excellion) <a href="https://twitter.com/Excellion/status/1819550585395486799?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">August 3, 2024</a>
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<p>Meanwhile, Mow predicted the return of bullish Bitcoin momentum, spotting a surge in M2, which is the money supply that includes cash and checking deposits and easily convertible near money.&nbsp;</p> 
<p>Bitcoin crashed by 14.5% in the past week after a bullish run that led many crypto users to assume the bull market had resumed. BTC reversed sharply after rallying above $70,000 for the first time in six weeks.…</p>
<p>The post <a href="https://coinedition.com/why-is-btc-crashing-analyst-blames-tradfi-markets-predicts-imminent-rebound-soon/">Why is BTC Crashing? Analyst Blames TradFi Markets, Predicts Imminent Rebound Soon</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Why is BTC Crashing? Analyst Blames TradFi Markets, Predicts Imminent Rebound Soon

Coin Edition

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