A widely followed analyst believes Bitcoin (BTC) will remain on a bullish trend despite the daily fluctuations in price.
The analyst pseudonymously known as Pentoshi tells his 867,400 followers on the social media platform X that on the higher time frames, the Bitcoin trend is up and the day-to-day fluctuations in price are just “noise.”
According to Pentoshi, the demand for Bitcoin is currently outstripping the new supply of Bitcoin and more demand is likely to come in amid potential currency debasement.
“There is factually more BTC being bought on any given day than is being mined. Until that trend changes, try to just relax a bit and enjoy the ride.
It increasingly looks like more debasing will occur. And BTC is a hedge against
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