Bitcoin’s price may be on the verge of a major breakout as dwindling reserves on both exchanges and over-the-counter (OTC) desks create an imbalance between supply and demand. Swing trader Bedlam Capital Pres has forecast a “supply shock” that could “uncork” Bitcoin’s next major rally. OTC Balances Near Critical Lows Bedlam Capital Pres, a strong advocate for Bitcoin treasury company Strategy (MSTR), pointed to rapid declines in OTC desk BTC holdings as a key driver of potential price gains. “$MSTR buys most of its BTC from OTC trade desks. MSTR bought 182,391 BTC YTD,” the trader said, referencing a Cointelegraph … Continue reading Bears Fired Warning as OTC Desks Run Low, Set Up Huge Price Shock