According to Weiss Ratings, March was a period of capitulation and the best time to buy Bitcoin and Ethereum.
Bitcoin’s halving is approaching, with the cryptocurrency facing strong resistance just below the key $ 10,000 level.
At the time of writing, BTC has moved away from $ 10,000 and is trading at around $ 8,700. Although it was briefly broken, this level of $ 10,000 is important support and can help us determine more precisely the price action in the coming days.
In a Twitter post made earlier yesterday, Weiss Ratings concluded that major Bitcoin and Ethereum investors have added significant amounts of the two coins to their wallets.
In addition, the team claims that the bottom was probably reached in March, as many investors capitulated then.
Weiss Ratings also stressed that Paul Tudor Jones’ words about Bitcoin are also extremely important. After that, the agency welcomed Jones into the crypto.