Is a new Bitcoin ATH really incoming
Looking at the price action of the king coin, it may not appear that Bitcoin is still bullish. Alas, it actually is. However, since the market is in an unsure state at the moment, it is best to analyze all aspects of the market. Especially investors’ movements to determine whether or not Bitcoin will hit a new all-time high soon.
On a macro scale, the Bitcoin market is still in a bullish state. This is perhaps why even after a fortnight of the price plunging, the market is holding up its profits.
When the realization of profits increases, so does the probability of establishing a macro top. Now, given the last macro top was our latest all-time high (ATH), it only makes sense that the next top would be the next ATH.
Bitcoin realized profits and
Read more on ambcrypto.com
