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.
Analysis
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.