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A rally into the close managed to lift the S&P and Nasdaq out of negative territory for a gain of 0.14% and 0.32%, respectively, while the Dow finished flat. “Needless to say, caution is advised especially if you’ve got any leveraged positions open,” Bloodgood warned. “Apart from BTC reclaiming the $70k level, not much has changed,” Bloodgood noted. “Times are uncertain as we are about to have a BTC halving right after making a fresh ATH – which isn’t how cycles typically look – so we’re definitely in uncharted territory.”
“Apart from a Bitcoin ATH before the halving, another thing that makes this cycle unusual is that memecoins are capturing so much attention – and so persistently – when BTC is barely above the previous ATH,” he said. “While some see this as a top signal, I think it’s got more to do with the ‘normie-friendly’ nature of memecoins.”
According to MN Trading founder Michaël van de Poppe, in the near term, Bitcoin is likely to trade sideways and consolidate until sometime after the halving.
Belgique Dernières Nouvelles, Belgique Actualités
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