It is once again time for an update to the #Bitcoin bull market support band.
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48k followers more for altseason
I fkn hate that it's still stuck on 110K, BTC dominance should be at .62 right now and BTC should be nearing or shattering 150K right now. Ugh.
How much is the 50 week moving average?
I hope the 4-year cycle stays intact. I only managed to buy 0.07 BTC around the low in '22 and want to buy in as low as possible in the bear market. A 4-year cycle means I'll have a better chance to buy low. If it turns into a super cycle it may not go below $100k ever again.
That's why I think BTC price is going to top at more like 180K-190K this year in November-December (not 140k-150k) for this cycle. Cycles always end in euphoria, not FUD. Once the government shutdown ends, ETFs happen, clarity act passes next month and tariff fears are proven a nothing-burger, BTC and then alts will go parabolic.
Ben, you seriously should consider move your beautiful face down to LR corner. thank you!
Thank you for the blue pill
What a bloody, shitty cycle.
Im confident in my BTC position longterm. The only thing making me lose sleep is my MSTR position in a bear market.
My theory is that as bitcoin ages, there is less volatility to the upside, so the 50 week ema is now acting as the bull market support band, whereas in the past is was the 21 week ema.