Bitcoin in the short term may exceed $ 60,000 - but not all signs point to a bull market

Bitcoin is lagging behind the traditional stock market and may even test $ 60,000, but there are strong signs of a change in investor sentiment, according to a trader at a price above $ 60,000.The price of bitcoin is down 10% in the last 24 hours, and 20% from the previous day. Additionally, the CME gap has formed, which means that the indicators for the indicator are both time and place it is slightly above zero.As such, the chances of bitcoin surpassing $ 60,000 in the near term are increasing. the indicator signals indicate a bull market.However, not all signs indicate a bull marketAccording to a trader known as "Squeeze", bitcoin is lagging behind the stock market and may even test $ 60,000. The term "Squeeze" refers to a trader who squeezes the price of bitcoin out of the cryptocurrency market.He said:"The stock market is a giant jelly and my head is stuck in it. BTC is lagging behind the S&P 500 and the Dow. I think the market is moving faster than the stock itself."For the last three years, the indicator "squeeze" has recorded a significant drop in the stock market. However, as the market continues to grow, this indicator indicates that bitcoin is lagging behind.Finally, as Cointelegraph reported earlier this week, the spot market accounted for 63% of the bitcoin's trading volume from June 21 to 23. Now that the BTC/USD pair has broken through the critical resistance level of $ 55,000, the focus is back on the stock market, with futures and options markets again showing massive volatility.According to a person familiar with the matter, the spot market accounted for about $ 60 million of the total volume of bitcoin trading on June 23. A smaller amount, estimated by the person to be between $ 30 million and $ 40 million, was transferred to institutional platforms during the day, the person said.There is one fundamental bullish factor that can offset the possible growth of the stock market: the HODLer.This indicator is calculated as follows: a percentage of old BTC holdings, measured as the difference between the price of BTC and its previous price. when the indicator was at its peak.For example, when bitcoin was trading at $ 13,618 on Coinbase at the peak of HODL in December 2017, the indicator gave an annual gain of 63%.The current value of the indicator is 87%, which is the same as the peak value recorded in December 2017. years. This situation is crucial, as it shows that bitcoin is still in the accumulation phase, while HODLing activity is relatively low.It is also important to note that, despite the current BTC bull run, the investor group known as