It remains to be seen how it reacts these days, but from a technical point of view the trend is positive, it is leaning on the average of 50 and is on the top of the rectangle. An impending bull run?
Upon further investigation, we came across a report from Chainalysis Markets Intel which concludes that, in addition to price increases, there has been an increase in confidence generated by the leading crypto.
Basically investors, from retailers to big hedge funds, are betting against fiat money and in favor of Bitcoin.
What does this imply? We can see these conclusions reflected in that more than 6.7 billion in Bitcoin are in the hands of companies that are listed on the stock market, according to Bitcoin Treasuries.
At the same time, a report by Glassnode entitled "The Week On-Chain" was released, where he pointed out that growth in the number of Bitcoin whale accounts slowed throughout September.
Glassnode says this is good for Bitcoin given that, looking at the crypto leader's history, “the beginning of a decline in the number of BTC whales has often meant increased interest from retail investors and the beginning of a race to the top of the market.
My personal prognosis? from here to 15k, we go back to 1k and the new bullish cycle of btc begins, at least with that in mind I will be trading
