3d ago
I see a few people on my timeline calling the top being in on #bitcoin at $126,000 I think I'm a little more reserved on that assumption. We did not see a blow off top. Similar to previous market cycles. I was expecting between $180-$200k Here is a thread on what I've found. 🧵
#Bitcoin has been running with the M2 Money Supply on a 100 day delay. It takes 100 days for that new money to reach Bitcoin and Crypto. Based on the growth and new money in the market, we have not topped. In fact, we may see more upside in the short term. (Nov/Dec/Jan) 🤷🏻‍♂️
We also have the 4 year cycle theory. Created by @CryptoCon_ × #Bitcoin This shows potential for a $180k top. With the 4 year cycle still intact. 🧠 Personally, I dont think we have any reason to believe this has changed. $180k-$200k top, then a new cycle?
We also have @The_JDK99 with an awesome chart for us to explore. This chart says something similar. 3 more monthly closes and we top. Based on previous market cycles, this could be true. Time will tell. ⏳️ $BTC 👉 ETH/LTC/DOGE 👉 #AltSeason
If you found this information useful give me a follow for future insights. 👉 @JoshRoomsburg 👈 Let's see how the next few months play out and prepare for what's next.
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