Hello!
I really think that we are going to see another Bitcoin all time high. In some groups of people I'm starting to listen that this bull market is not going to be like the other ones, most of other altcoins will not pump, here would not be a defi summer, and other things in the same direction.
I really think that they are wrong. Altcoins will pump hard at some point too. Even if you are a Bitcoin maxi you should agree with that sentence. New people will come and see Bitcoin trading above 100k and they will not think any second to buy Bitcoin, they will buy whatever shines the most. XRP or other shitcoins, and they will rise, it's obvious.
What I am really bad is at short term price analysis, however I find the chart below from Willy Woo (A Bitcoin OG, follow recommended) very interesting:
He tweeted this:
Capital inflows into the Bitcoin network starting to climb again, while BTC chops around sideways quietly hiding coins being accumulated.
It's not a bad setup to explore all time highs if capital inflows follow through this week.
At the bottom of the chart we can see that the Capital inflows of Bitcon changed direction. Last time it happened we climbed reeeeeeeeeeeeally fast. Is this going to be the catalyst for the next All time high?
I would love to see Willy updating this chart in the following weeks.
Have a great day!
