The Top is Farther Than it Appears
The Top is Farther Than it Appears
Bitcoin Data Newsletter Premium
Hello Everyone!
The past week has had us on edge as Bitcoin danced on the border of 60k and threatened the 20-week EMA at $61,800.
Just in the nick of time, Bitcoin reclaimed the moving average before the close on Sunday to secure a healthy retest. But how do we know this wasn’t just temporary? That’s one thing we’ll be researching in today’s newsletter.
In the last newsletter, “Bitcoin to 106k” I talked about a 106k price target either for this cycle’s top, the next step, or both:
The 3.618 extension of this early cycle Fibonacci Retrace has been stiff resistance, almost rivaling that of 2023 where we saw 8 months of sideways price action… but not quite to that time frame yet.
This consolidation we’ve seen led me to my first Altcoin buys since early 2023 which was featured in my latest newsletter, “Altcoins, I’m Buying”
Altcoin strength has plummeted, right on time. I purchased my altcoins when Bitcoin was about $60,600 and so far that has been doing well.
Altcoins may offer some valuable insight into Bitcoin timing, which will be another major topic of discussion in today’s newsletter.
When will Bitcoin finally take off again? Where are we going next? When does Bitcoin top?
Let’s answer these questions and more!
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This Newsletter Will Cover…
The Forever Pattern
Cycle Timing
Bringing it Together
What Should You Do?