buy on weakness

Institutional Buying Keeps Bitcoin Rising — Watch for Consolidation

I think Bitcoin probably needs a consolidation phase to digest recent gains.

That said, large institutions are steadily accumulating and are pushing the price higher on a weekly and monthly basis.

I’ll treat any healthy pullback as a buying opportunity while recognizing institutional flows increase my bullish conviction.

Source available for registered users Sign Up Free

Analysis

Institutional accumulation reduces available spot supply and can sustain upward momentum even if the market takes time to consolidate; this raises the probability of higher highs but also means interi...

Recommendation

Maintain a bullish stance but look to buy on weakness — use pullbacks or re-tests of support to accumulate rather than chasing rallies.

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

You might also be interested in: