Welcome to The Bitcoin Vector Lite #016!
Last week, we flagged one key problem: capital inflows were stagnant, showing weak demand to support a sustained upswing in price. At the time, we said we expected a one to two week window of bullish conditions. This panned out, even more aggressively than anticipated.
Bitcoin surged from $108k in a bounce initially fueled by new liquidity. This was met with a meaningful increase in new capital coming into the network which powered BTC to a new all-time high of 126k before pulling back to 122k at the time of writing.
But now comes the real question:
Is this a “buy the dip” opportunity en route to more all time highs … or a bull trap in disguise?
Let’s break it down.
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