The current disconnect between BTC price and fundamentals/news/future prospects may be the largest in its history.
You either believe the Fed's "hawkishness" or you don't. Based on history (and today's predictable semi-softening from Kashkari) I think we all know how this ends.
Supply Last Active 1+ Years fluctuates based on
cycles but on a macro scale, higher lows and higher highs continue to be put in.
This is because of:
🟠 Lost Coins- a donation to the network (increased scarcity)
🟠 $BTC Hodler Army DGAF about FUD
reversal since Oct '20 has been inversely related to USDT Dominance hitting its resistance or support trend lines.
When it made multiple daily touches it signified a reversal on the horizon.
It's been touching resistance for nearly a week. 🔥
See Chart 👇
The price has not risen half as much as the historical valuation mean!
It is almost 2 years since Halving in May/2020.
Do we have time? I would say about 8 months?
*Conclusion based on patterns in
Top Gauge issue now available.
I cover what to look for in the 2W and monthly close, whether our year-long corrective structure is intact, and what the equities market behavior could mean for crypto.
Thanks for all your support.
Investor sentiment is at historic pessimism.
Worse than MARCH 2020.
Worse than DECEMBER 2018.
Even in 2008 – similar spikes led to violent Bear Market rallies.
And lastly – when investors finally got this negative, the 2000-2002 Tech Crash was *over*.