Bitcoin Rally Incoming?
Will Clemente believes we will see a rally soon due to a Bitcoin supply shock. Anything is possible with Bitcoin so fasten your seatbelts.
A popular on-chain analyst believes that a Bitcoin rally is in the cards as the leading cryptocurrency faces the possibility of a supply squeeze.
Will Clemente says that a Bitcoin supply shock could ignite a significant BTC rise.
“Hang in there guys. This thing is going to pop soon.
Supply shock still in play this week.”
Clemente’s bullish stance on BTC comes as he sees on-chain signals pointing to the rise of Bitcoin adoption around the world.
“Extremely bullish on global Bitcoin adoption.
Blue: Supply held by entities with .01-1 BTC.
Green: Net user growth on the network.
All-time highs in new users. Hockey stick up in accumulation from small entities.”