Bitcoin (BTC) is on the verge of entering the “emotional phase,” according to popular on-chain analysts.
A pseudonym analyst known as Checkmate said in a new interview about Bitcoin’s podcast that some dynamics are beginning to come to light that the current BTC Bull Run could be “bulletproof.”
Checkmate says,
“There’s a recovery in the bear market with lots of PTSD. This is really 2023. Everyone seemed to be afraid of Sambank Manfried’s ghost coming back and returning to zero. But we’re looking at the Treasury trends.
Checkmates leave a stair step pattern and gain “serious momentum in benefits,” which will make the chart unsustainable and BTC “close to the meaningful top.”
Bitcoin is trading at $114,833 at the time of writing.
https://www.youtube.com/watch?v=vfuodfkgo9m
Generated Image: Flux
