@MatthewHyland_ Until proven otherwise, the general 4 year cycle exists. It gets front-run a bit, but it’s there. Why try so hard to say it doesn’t? And how is $16k to $126k underperforming? I was here for the Wild West days (2017) - the big funds have settled things a bit, but it still rhymes
BTC returning to the $87k resistance and pushing against it multiple times might be slowly making cracks - but nothing about busting through will be slow. You only have so long to accumulate for the next move. #BTC
@mikealfred@BitQua I’m not saying it’s not a mid cycle correction, just that nothing has shown me it’s not a normal cycle bottom (with a reasonable tolerance). But, I appreciate the perspective - I’ll keep an eye on this timeframe. As always, love the content.
@TechCharts Unfortunately, I agree, unless we see a run up to end the week, not decisive. This also aligns with WRSI at resistance. Ranging for a month or two may give it the reload it beads for a run at $90k. Thanks for the content.
@bennyjohnson This! We need more support for single income families trying to raise children instead of paying other people to do it.
Dual income families and the extreme consumer mentality are a key contributor to inflation.
#BTC at WRSI resistance at this $64,700 range. Break out on weekly price could signal end of the bear. Needs a solid pop, otherwise, one more trip down to $55-60k range.
@mikealfred Huge fan, Mike. But I have to say, the 4 year cycle exists until it doesn’t. So far, BTC has generally worked in a 4 year cycle.
Keep up the great content.
Last cycle, 5 months after #BTC WRSI bottomed, the low occurred (and marked higher WRSI low). July marks the 5th month this cycle. Will be interesting to see if that holds true this time.
@DerrickEvans4WV That’s exactly right. Dual income has destroyed families and made single income households struggle. It wouldn’t be so bad if dual income households lived modestly and saved, but most overbuy, rack up debt, and contribute to the inflation.
@saylor@TimKotzman What some folks fail to see is that the share holders own bitcoin, not Saylor. They are the hodlers, he’s just providing another mechanism for access. Some companies hold inflating cash reserves, MSTR holders own both.
@GrantCardone We will see a near term intra-week dip into the mid-50s (WRSI to ~30). That will mark the start of a 4 month accumulation phase. Price will hover in the 50-68k range during that time, then begin its ascent.