Many whales and funds are strongly influencing the chart of $BTC , and this phenomenon originates from Bob Loukas's cycle theory. Currently, we are in the blue zone, the period from August 2020 to August 2024. During this period, although the small candlesticks appear unclearly, they have a great influence on the psychology of virtual currency investors.
In fact, the market often waits until retail investors are completely eliminated before pumping prices, and this large cash flow mainly comes from events such as elections or interest rate cuts. According to the cycle, we have about 2-3 more monthly candles before entering the strongest growth period.
Now is the ideal time to stay in the market. Many KOLs (Key Opinion Leaders) have given up accepting marketing deals because there are no more projects to spend money on advertising. The investor community no longer has the strength to argue. On Twitter, there are only investors who are steadfast with the market.
