Supply Squeeze coming soonish

in bitcoin •  3 years ago 

Bitcoin likely to drop further but the supply is being scooped off Exchanges

There is going to be a supply squeeze at some point in the not too distant future.

We saw the same thing in 2020:

image.png

(Source: https://twitter.com/woonomic/status/1520268278404317184/photo/1)

All the bitcoin was being pulled off exchanges and then price responded eventually.

Similar setup now.

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3 years ago by

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