Bitcoin Just Hit a Wall (Finally)

“You nearly sound excited? Why is that?”

It’s trigger we’re terrified of seeing a ‘left-translated cycle’ — which is a crypto cycle that peaks earlier, and drops for longer.

So as an alternative of seeing a gradual climb in value over 3 years, then a drop over 1 yr, we see a sharper rise over 2 years, and a protracted 2 yr decline.

(See header picture ☝️).

“Who cares? A pointy rise over 2 years sounds superior!”

That it does!

Solely downside is — IF we’re in a left translated cycle — we’re already 1 yr and 10 months into that 2 yr rise (the social gathering ends in April).

Now, right here’s the excellent news:

A left-translated cycle is but to be confirmed — and the market could be rising sooner, earlier, due to the billions of {dollars} price of funding coming from the Bitcoin ETFs.

(Which wasn’t a consider earlier cycles).

And we’ll be sincere…

Seeing BTC get rapidly rejected from $64k (the place beforehand it has been in a position to preserve and plateau after every pump) has given us hope that we’ve received yr or extra of paced out features forward of us.

And we’re holding on to that hope for expensive life.