Matrixport Associates: cottage season may open when BTC halves
Daniel Yan, co-founder of Matrixport, tweeted that the start of the torrents season should start around mid-April, which is when the halving event took place.
Its belief is that the BTC ATH target has been met, but is still a long way off for most torrents ATH. We need to see BTC close above $70,000 on a weekly basis to confirm the nature of its "clear breakout".
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: U.S. government shutdown causes the crypto market to lose $408 billions in growth potential
The crypto market remains sluggish, with total CEX trading volume dropping by over 50% compared to yesterday.
Galaxy Digital transfers 2.9 million ASTER to OTC wallet