Last time #BTC closed down for five consecutive months, it was followed by five green months.
History doesn’t have to repeat itself, but streaks like this can’t go on forever.
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The Bitcoin weekly RSI is at oversold territory, which is extremely rare that it only happens at bear market bottoms.
Also sitting at the 200-week EMA. What we want: close above that. Otherwise it raises the possibility of more pain.
Gold is just $12 away from $5,000
Meanwhile, ETH is still at the same price it was five years ago in April 2021.
This why everyone in crypto is depressed.
#Altcoins
We're at a point where Altcoins are once again dead for the majority.
However, this has proven to be the best entry point in the past.
Cycles repeat themselves over and over again. Don't forget that.
Higher.
Gold just hit over $5k with a monthly RSI above 95.
Last time RSI was this extreme? 1973.
Gold then ran 10x over 7 years.
1973 was about price discovery after the dollar lost its gold anchor.
Gold ran another 50% over the next 24 months, after an almost immediate 30% drop. Then, after running 50%, it dropped 50% and took 3 years to break out again until it peaked to $875 in 1980.
2026 is about alternative reserve asset discovery as trust in the dollar system erodes.
Central banks buying 60 tons/month aren't speculating. They're rotating out of dollars.