IS CRYPTO WINTER OVER? Lots of analysts now think so after price rerate and ETF inflows spike post Clarity Act failure

As you see, most of the bearish calls still on the board have October or November deadlines.

First, we have to contend with the 50-week average considerations and the view that holding above it keeps bullish signals intact.

Even more important, the bottom’s-not-in camp needs a break of it. This obvisously means breaking through the floor of the July low around $58,000. If Bitcoin stays well above $70,000, NYDIG’s $38,000–39,000 and Aralez’s $46,000 run out of time.

Then there is the Fed’s October meeting, which is right around the corner. A second hike that Bitcoin shrugs off would be the bulls’ “priced in” argument, on steroids. A hike with a hawkish message attached is the pullback camp’s best chance.

Lastly, we should watch for any spot buying without a squeeze. If the $2.39 billion week turns out to be a one-off, the middle column is right.