According to traders David Valeris, Bitcoin is already receipt The top of the current cycle.
in Social media yetValliers note that each previous Bitcoin cycle has ended either with a higher formation or triple formation.
Such a scenario may be on the right path to play this time. He pointed to the fact that Bitcoin reached its peak at $ 105364 on December 17 before it suffers from correction and eventually reached the highest new level ever at 109,356 dollars.
However, it is It does not necessarily believe This bitcoin is already in the new bear market.
Earlier today, the price of the leading cryptocurrency increased to 93,868 dollars before a decrease to 91,809 dollars.
Valliers admitted that such acquisition is somewhat lucky, since the feelings turn into ascending again.
On Wednesday, the Bitcoin Funds (ETFS) recorded $ 917 million in the total flows, which expanded the scope of positive flows. During the past four days alone, they brought about $ 2.3 billion.
Moreover, according to Fidelity Digital Assets, a subsidiary of a Mutual Fund Beheemoth Foundelity, bitcoin supplies on stock exchanges are also decreased due to the company’s public purchases. However, it should be noted that such a scale is considered “very flawed”.
Warning about the price of XRP
As U.Today, the CME group recently announced the launch of XRP futures, which is expected to take place next month after organizational approval. However, Valliers hinted that the launch of the product may not be positive for XRP, given that the first appearance of the future Bitcoin decades of the CME Group group was the top of the bull cycle that peaked in early 2018.
“Oh, well … if you remember the launch of BTC Futures, Heads-UP”.
