Bitcoin has the right setup for a massive move higher
It seems crazy to think that bitcoin could go much higher in this kind of macro environment, but that's precisely what history is suggesting.
I've found that charts tend to predict things well in advance of sentiment or economic data, which is why they make sense to use.
Charts are simply the sum total of everyone's beliefs about the future price of an asset, in this case bitcoin.
Based on this setup, I think bitcoin has just started it's next bull market:
(Source:
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To be precise, I do think we probably have another dip before the upward movement really begins, but you probably want to buy that dip.
I suspect that $18k low ends up being THE LOW for this cycle.
This would be a great news if only I have money to buy during the dip. I sure would love to
This makes "buying the dip" to make more sense...i think the next bull cycle starts now...