According to #Bitcoin 4 year cycle timing, we must start up trending Q4 of halving year (2024)
So if the cycle is still intact, MMs and algos do not have time to drop the price unreasonably low and reverse for months
They had the last 5 months to tag lower targets, and they did! (we got 49k)
Now structure is attempting to shift bullish, and its right on time for Q4 (surprise surprise)
Going lower for extended time at this point would be out of character for the cycle
#BTC
I see people getting scared on CT because of a small outflow from #BlackRock
Actually, this is its second outflow since the ETF launch.
Interestingly enough, on March 12th, at the peak of this mid-cycle top, we had the biggest inflow from BlackRock.
On May 1st (the first outflow from BlackRock), we marked the local bottom.
On August 29th (the second outflow from BlackRock), are we marking the local bottom again?
We shall understand soon.
@AltcoinSherpa Omfg ππππ u ppl in such a disbelief, have u watched the btc dom??? Did we have an actual drop - alt seaaon!??
U guys gonna hate the alt rally once it comes