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The current Bitcoin cycle can be explained in 4 simple parts: 1. Primary Upside in Jan 2023 = 1st Wave 2. Ranging Market Q2-Q3 in 2023 = 2nd Wave 3. Secondary Upside Q4 of 2023 & Q1 2024 = 3rd Wave 4. Sideways Q2-Q3 in 2024 = 4th Wave Weâre currently waiting for the final upside that will complete the 5th wave of this current market cycle. And this will bring us to a probable 100k BTC price soon. #BTC $BTC
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#Bitcoin Each bull cycle Bitcoin peaks when the monthly RSI enters the extreme overbought zone (above 90) We haven't seen that happen in this cycle yet. The monthly RSI still has a lot of room to grow, and if history repeats, the next leg up will be epic. $BTC #BTC
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