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Supply in profit breaks historical support trendline, Joao Wedson notes

Supply in profit breaks historical support trendline, Joao Wedson notes
Supply in profit loses Bitcoin support trendline

Joao Wedson highlights that supply in profit has lost a crucial trendline that historically served as support for Bitcoin price bottoms. He indicates that he is preparing a full video covering this situation and other significant insights about the current market moment.

Wedson previously suggested Bitcoin’s price bottom could occur before the launch of Grand Theft Auto VI, noting potential changes in crypto sentiment following the release here. In an earlier analysis, he observed that Ethereum’s current bear market has become the second longest in the network’s history to date. His recent commentary extends a series of market cycle observations posted in recent months.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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