Analyst Says Lower Prices for Bitcoin Could Serve As Catalyst for Rally to New Highs – Here’s What He Means

A closely followed on-chain analyst thinks a deeper drawdown could ultimately end up as the spark that ignites a Bitcoin (BTC) rally to fresh highs. In a new interview on the What Bitcoin Did podcast, pseudonymous analyst Checkmate says on-chain data suggests that BTC has seen a significant decline in sell-side pressure since April when […] source: https://dailyhodl.com/2024/06/30/analyst-says-lower-prices-for-bitcoin-could-serve-as-catalyst-for-rally-to-new-highs-heres-what-he-means/