Hello Everyone!
Bitcoin continues to consolidate around ATHs, now at $72,000.
The last premium Bitcoin newsletter “A Bitcoin Cycle Top Deep Dive” was all about where we are compared to the cycle top.
Many metrics like the RSI, said that we could be very close to some sort of first topping point:
There I said this:
A cross of the blue .786 has brought the first top within 1 - 4 months which is where we are now.
So could our first top be next month? That’s possible! We already know that Bitcoin likes to make first tops in April as shown by 2013 and 2021. I am still leaning toward June though because of the 2017 comparison.
I suggested that a first top could be as soon as this month according to some data points.
I have been taking an even closer look at the data to determine just how close we might be to a first topping point.
This brings me to the topic of today’s newsletter, “The First Top is Coming”.
Some data is starting to get exhausted, warning signs are beginning to fire. I’ll be covering everything I’ve found in today’s newsletter.
Let’s get started!
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This Newsletter Will Cover…
Market Psychology - FOMO
Data Analysis - Searching Far and Wide
Projections
What Should You Do?