Bitcoin has now made a full return to critically low RSI Bollinger Band % levels, and it doesn't like to stay there for long.
This comes after the completion of phase 4, the ATH break like January 2013, December 2016, and November 2020.
What we're seeing now is looking just like March 2017! Likely not a coincidence that it's the same month.
Phase 5 (the cycle top) was still 9 months away then.
Now has all the same characteristics of every local low we've seen this cycle.
- People screaming for a recession/black swan
- Rock bottom confidence
- Altcoin weakness
I'm going against the grain and remaining optimistic. The obvious path is hiding in plain sight.
When the markets are pumping, sometimes it's wise to take profits.
DCA in, DCA out.
That should be your strategy for profit taking this bull market.
It may not give you max gains, but it will save you from max pain.
The bull market for #Bitcoin is next, plain and simple.
Not a recession, not a bear market, or any other doom and gloom price action.
The phases on Puell Multiple make it abundantly clear that we are in the midst of the mid-top correction which comes just before the true bull run.
The same as we saw in September 2012, 2016, and 2020.
Anything else is meant to distract you from being here during the best price action crypto has to offer, which is coming soon enough.
The Halving Cycles Theory Red Year (Bull Market) begins after November 28th, 2024, and will last through November 28th, 2025.
99% of people are scared of new tech, even when it can change their lives.
Watch this 1983 Today Show debate about home computers. Are they just a fad?
Crypto is here today 👇
Today Bitcoin makes up 0.1% of the worlds wealth.
By 2030 it's 5%
Total global assets grow from $900T to $1,500T
One #Bitcoin = 0.05* 1500 T / 21M = ~ $3.5M
Bitcoin RSI is 66, same level as earlier halvings. Next month (May) will be the first red dot. So we haven't really started yet. IMO red dots will be at higher RSI than blue dots, and RSI will be > 80 later in the bull market.
More info: https://t.co/7AjwnYLDBj
🔸500 days since #Bitcoin hit the bear-market bottom.
In 2020 Bitcoin went up 732% over the next 12 months from the same point.
If Bitcoin repeats this it will hit $491K by April 2025.
Bitcoin surged 91% in 51 days after the ETF approvals.
If Bitcoin continues this trajectory after the halving in April, it will hit $116,000 by the 10th of May.🚀