Bitcoin is having its IPO moment, says Wall Street veteran

💡 DMK Insight

Bitcoin’s sideways movement might seem dull, but there’s a silver lining: ETF approvals and a surging hashrate signal underlying strength. Jordi Visser’s comments highlight a crucial point for traders—while price action is stagnant, institutional interest is rising, which could lead to a breakout. The recent uptick in the Bitcoin network hashrate indicates that miners are confident, suggesting they expect higher prices ahead. This is often a precursor to bullish trends, especially if the hashrate continues to climb. Watch for key resistance levels; if Bitcoin can break above its recent highs, it could trigger significant buying pressure. On the flip side, the sideways action could also mean traders are waiting for clearer signals before committing. If Bitcoin fails to break out soon, we might see increased volatility as traders react to external market conditions. Keep an eye on ETF developments and the hashrate—these are indicators of market sentiment that could influence Bitcoin’s next move.