ANALISTA Igor Pereira Posted January 6 ANALISTA Report Share Posted January 6 While Bitcoin continues in its lateral consolidation (which we discussed in the latest update), backstage tells a different story. A Coinbase, the main gateway to institutional investors in the US, has just issued a statement that challenges the current price apathy. By Igor Pereira Financial Market Analyst According to a stock exchange representative, the big players (Institutional) have no plans to interrupt purchases of $BTC in the new year. Below, what this means for our medium-term analysis. yip.mp4 The institutional justification is purely mathematical. Statistics: Bitcoin was the most profitable asset, with enormous advantage, in nine of the last twelve years. The Meaning: Fund managers can no longer ignore a class of assets with that performance. The career risk now is no have exposure, not the other way around. The most interesting point in the Coinbase statement It's about customer retention.The Coinbase Quote: "No company that seriously studied the $BTC came out because of volatility." the analyst Igor Pereira It says you can't take that much into consideration, obviously they didn't come out but there was a mass liquidation in the fall we anticipated from 120k to 106k; Many are without their capitals;ExpertFX Reading: Volatility scares retail, which sells in the background (as now). For the institutional, volatility is only the entry cost for asymmetric returns. They're not leaving; they're accumulating in dives. Although I maintain my position that capital is yielding more in Metals (Silver/platinum) at this particular time, and that Bitcoin still has technical risk of visiting the $68.5 k before new tops, this news confirms a structural floor. It is very likely that the RANGE ext (short term) of Bitcoin is 90k-103-106k before any impulse. My Vision: If we visit the $68.5k, wait for Coinbase and its institutional customers to absorb the sale aggressively. Don't bet against long-term institutional adoption, even if the short term is choppy. Game Turned: Where to Buy Diving? If Bitcoin falls, there will be an exact point where the institutional flow will turn the game. Our members Premium They have access to institutional support levels where Big Boys' purchase orders are waiting. Ensure your place in the elite market: "> CLICK HERE TO ACCESS THE PICTURE Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Liked! × 💬 Did you like this content? Your feedback is very important! Liked! Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.