๐ฅ 3 bullish charts to brighten your weekend โ๏ธ
AI Summary
Milk Road's April 24, 2026 edition highlights three bullish signals for crypto investors: Bitcoin surpassing $79,000 (up 24% since the U.S.-Iran war began), $4.5B in spot Bitcoin ETF inflows since the war started, and crude oil retreating below $100 after peaking near $120. The macro backdrop is described as broadly bullish for risk assets, with the main unresolved risk being the U.S.-Iran conflict.
Key Facts
Author Takes
Bitcoin price outlook
The macro backdrop for risk assets still looks bullish, and a real resolution to the U.S.-Iran war could send markets another leg higher.
Crude oil below $100
Crude oil trading below $100 is a win for risk assets, as staying above $100 (the 'stagflation zone') would hurt growth, raise inflation, and rattle markets.
Contrarian Angle
Retail Absence from Bitcoin as a Bullish Signal
Natalie Brunell argues that retail investors still haven't entered Bitcoin, which is contrarian because most see low retail participation as a weakness, but she views it as extreme upside potential remaining.
Conventional wisdom assumes bull markets require retail participation; Brunell flips this to argue retail absence means the rally has more room to run.
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