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🚀#bitcoin Market Analysis: Are We Nearing the Peak of the Bull Cycle?📈
The cryptocurrency market seems to be following a familiar boom-bust cycle. Here's what the latest data suggests:
1. Current Cycle: Since January 2023, Bitcoin has seen significant growth in both duration and price, with a 36% of Bitcoin traded for less than a month (based on realized market cap - UTXO).
2. Market Sentiment: The trend in the percentage of short-term holders is a key indicator. Historically, peaks in this ratio have preceded market tops, suggesting we might be close to the end of this bull run.
3. Cycle Timeline: Expectations are set for the market to potentially peak in Q1 or Q2 of 2025. However, this cycle might not be straightforward, with potential for multiple sharp rises before the final peak.
4. Investment Strategy: Given these insights, it's wise to approach with caution. I'm planning to gradually reduce my holdings to manage risk, especially as we might see further volatility.
5. Chart Insight: The chart shows distinct cycles of Bitcoin's price alongside the UTXO age bands. Notice the correlation between the peaks in short-term holders and price tops.
Stay informed, manage your risks, and maybe it's time to consider locking in some gains. What's your strategy as we approach what might be the cycle's end?
#CryptoAnalysis #BitcoinCycle #InvestSmart
The cryptocurrency market seems to be following a familiar boom-bust cycle. Here's what the latest data suggests:
1. Current Cycle: Since January 2023, Bitcoin has seen significant growth in both duration and price, with a 36% of Bitcoin traded for less than a month (based on realized market cap - UTXO).
2. Market Sentiment: The trend in the percentage of short-term holders is a key indicator. Historically, peaks in this ratio have preceded market tops, suggesting we might be close to the end of this bull run.
3. Cycle Timeline: Expectations are set for the market to potentially peak in Q1 or Q2 of 2025. However, this cycle might not be straightforward, with potential for multiple sharp rises before the final peak.
4. Investment Strategy: Given these insights, it's wise to approach with caution. I'm planning to gradually reduce my holdings to manage risk, especially as we might see further volatility.
5. Chart Insight: The chart shows distinct cycles of Bitcoin's price alongside the UTXO age bands. Notice the correlation between the peaks in short-term holders and price tops.
Stay informed, manage your risks, and maybe it's time to consider locking in some gains. What's your strategy as we approach what might be the cycle's end?
#CryptoAnalysis #BitcoinCycle #InvestSmart
$BTC
#Bitcoin❗ #BitcoinCycles #
Important Warning on #bitcoincycle for all Holder
Flash crash on Yen carry trade Might just made a good benefit for BTC structure and fulfill a last jigsaw like a covid in terms of 4yearcycle graph structure
--- see something similar in this chart ?
compare between a covid crash 2019 with i consider it as a fail rally before btc show strength and go in to build structure zone
---Now we just have a Flash crash and show strength to recover , and now fed look more likely to lower interest rate which suppose to be good time to build structure
to be in structure zone u need
---Rsi to cross a slowline moving average
---trader dynamic both fast and slow line to cross above orange line
---StochasticRSI made a higher low bottowcross and cross up again
#Bitcoin❗ #BitcoinCycles #
Important Warning on #bitcoincycle for all Holder
Flash crash on Yen carry trade Might just made a good benefit for BTC structure and fulfill a last jigsaw like a covid in terms of 4yearcycle graph structure
--- see something similar in this chart ?
compare between a covid crash 2019 with i consider it as a fail rally before btc show strength and go in to build structure zone
---Now we just have a Flash crash and show strength to recover , and now fed look more likely to lower interest rate which suppose to be good time to build structure
to be in structure zone u need
---Rsi to cross a slowline moving average
---trader dynamic both fast and slow line to cross above orange line
---StochasticRSI made a higher low bottowcross and cross up again
Bitcoin's bull cycle shows reduced volatility compared to past cycles, says Glassnode.
The largest drawdown this cycle was -32% (Aug 5, 2024), with most corrections around -25%.
$BTC #BitcoinCycle #BTCNextMove
The largest drawdown this cycle was -32% (Aug 5, 2024), with most corrections around -25%.
$BTC #BitcoinCycle #BTCNextMove