I’m calling the bitcoin top. It happened in October 2021 at the peak of the money printing. It’s over now. The next round of inflation will pour into real money, not nonexistent derivatives. We are headed to the End Game with the next inflation round. Bitcoin is dead.
@RafiFarber You could have just said “I don’t understand the crypto market cycles” and saved everyone a lot of time from reading this
@RafiFarber I can't tell if this is parody or not but thank you for the thoughtful obituary It will be added to the annuls of history amongst the others
@RafiFarber I don't think so, soon in September, Bitcoin will reach 100k USD. The BTC/Gold ratio will skyrocket. Currently, the price of Bitcoin is being held down to prevent it from increasing by a few large funds.
@RafiFarber It’s funny that you believe money printing has ended
Nice chart! The only push back that I would give you about making an outright TOP call is that it seems quite early for that kind of call (and therefore, it would be more from gut (bias) IMO, than from actual topping signs) Ultimately, what matters most is what has happened most recently on the right side of the chart and then we work left from there. While resistance has resisted. It did so after an incredible run-up and such resistance would be expected to hold serve when coming in with such an extreme momentum reading. Moreover, things still look very constructive on the weekly scale that you have utilized. Should she reject agan or put in a lower high then we could start to entertain this idea more seriously. But, this will be a fun one to watch over time!
Always love your opinion, I do differ with you on this one, I am not a big Bitcoin fan, but I am a fan of utility coins, as far as markets, I am thinking this halving event with Bitcoin will draw a very large amount of money, so I disagree , however I do think this will be the last big bull run for Bitcoin .