After studying the cycles and various models I came to the conclusion that its most likely that bitcoin will break 75k and then enter the final and craziest leg of this cycle.
When breaking 75k, the price discovery should accelerate and push it way over 100k to blow off top quickly and enter a bear market. Previous bear markets have been -80%, so the current price at 56k is too low to justify such a large drop. Therefore we should see way higher prices before.
It's hard to guess tops but from a cycle perspective its likely that every btc we sell above 75k we will be able to reaccumulate cheaper. My plan is to take some profits off the table in this leg to prepare for the next crypto winter.
As higher exit we get as more btc we will be able to buy back cheaper.
good luck!
When breaking 75k, the price discovery should accelerate and push it way over 100k to blow off top quickly and enter a bear market. Previous bear markets have been -80%, so the current price at 56k is too low to justify such a large drop. Therefore we should see way higher prices before.
It's hard to guess tops but from a cycle perspective its likely that every btc we sell above 75k we will be able to reaccumulate cheaper. My plan is to take some profits off the table in this leg to prepare for the next crypto winter.
As higher exit we get as more btc we will be able to buy back cheaper.
good luck!
Comment:
btc remains in wave 4 for now
Comment:
loading up on coins below 40k
Comment:
4 wave should have ended here
while eth seems overbought already, btc has a lot of upside until new ath