Ghost Town
Bitcoin Data Newsletter Premium
Hello Everyone!
By now, the question I get asked most often might as well be, “What do you think is coming next, and why is it a bear market and a recession?”
Crypto-goers and analysts alike have all explored the idea of whether or not the cycle could be completely over where it stands, and also if they should sell all of their coins in preparation for a potential cataclysm.
Instead of dismissing the concerns, I’m going to address them head-on in this newsletter.
With metrics like 2 week RSI reaching the cycle top trend line in March 2024, and then creating a large bearish divergence just like we’ve seen during the double tops in 2013 and 2021, how could this be anything but the cycle top?
This is not the only piece that shows us something like this and it on top of all of the bear market/recession concerns call for a close examination.
The cycles have been good to us, but should the data eclipse them? This is another thing we will be thinking critically about.
Crypto now is nothing short of a ghost town, the people that are left want nothing to do with what’s happening.
Is this really it?
Let’s jump into today’s newsletter!
*If you’re new and want to get a feeling of what you’ll get with a subscription be sure to visit the about page here where you can see everything premium has to offer*