The Beginning of Great Things
Bitcoin Data Newsletter Premium
Hello Premium Readers!
Since the last Premium Newsletter release, Bitcoin has taken quite the trip. During the time of writing last Newsletter, Bitcoin traded at $23,000, then took a dip down to a range around $21,500, and shortly after that a huge swing up to around $25,000 where price currently stands. It is becoming clear that demand for lower Bitcoin prices is extremely high right now, as the pull back to $21,500 was quite shallow, and only lasted about 5 or 6 days. The recovery was astonishingly quick, as Bitcoin immediately made new highs for the year.
In the last newsletter, I said that it was a good time to buy at $23,000 and gave some metrics that I was watching in preparation for the next cycle top:
As price sits at new yearly highs, the question is now, is it still a good time to buy Bitcoin? I will answer this question using the current market psychology, on-chain data and more.
This Newsletter Will Cover…
What is everyone thinking? (Market Psychology)
The Current On-Chain Data
What you should do
A Top Indicator