Ivan opens with excitement over Bitcoin’s recent jump to $66.5K, highlighting a key technical signal: Bitcoin closed above a previous high, suggesting the downtrend may be over. He believes this could lead to a bullish breakout, with the potential to hit $70K soon. The market, he notes, is more bullish than most realize.
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He points out rising global liquidity as a key factor, which typically drives Bitcoin higher. The upcoming $6 billion in FTX repayments and increasing ETF inflows further strengthen the case for a market rally.
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Ivan then shifts to altcoins, stating they are positioned for major gains as Bitcoin dominance decreases. This “banana zone,” as he calls it, is when altcoins start outperforming.
He also touches on how tightening regulations in traditional finance might push more people towards crypto, accelerating adoption. Overall, Ivan is optimistic, believing both Bitcoin and altcoins are on the verge of a significant breakout.
