Friday Video Update | 3 November 2023
Bitcoin Data Newsletter
Hello Everyone!
Welcome back to the Friday Video Update from the Bitcoin Data Newsletter.
Today we’ll be talking about cycle Mid-Tops and MVRV, as well as discussing some important topics with the Magic Bands.
Enjoy the video!
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Hi CC,
Just watched the video and also saw your reply to my last question.
You believe that the cycle mid-top may hit $48k and that there typically is a 40% to 50% correction after the cycle mid-top. A 40% correction brings us to near the strong support level of $31k or so.
However, you also say that we may only get to about $38k for the cycle mid-top. This of course would bring a 40% correction to about $23k.
So the cycle mid-top may be extremely important as to where the eventual correction may land, correct?
Cheers!