Trust the Cycles
Bitcoin Data Newsletter Premium
Hello Everyone!
In the last Bitcoin Data Newsletter Premium, “Your Next Big Bitcoin Buy In”, I talked all about trying to get you the best prices possible during your next big Bitcoin buy.
Much of the data I have shared has been very clear, lower prices are imminent.
But in the crypto space… it doesn’t seem to be that people are arguing with the data, instead, they are relying on one event to drive prices higher, and ignore data and models:
ETFs.
Not long ago, ETFs finally began trading, which conveniently marked the day of the local high then.
Since that day, Bitcoin declined over 20% from its $49,000 high to a low of about $38,500, which many have claimed, was the bottom.
In the last newsletter, while preparing you for your next buying opportunity, I also prepared you for a lower high based on the liquidation heatmap:
There I said this:
The most concentrated level is just above $49,000 (brightest yellow bar) with huge pools leading up to it.
All this to say, don’t be surprised to see the next short-term direction be to the upside to clear this, which is relevant if you are considering betting against price in the short term (I don’t suggest this).
Since then, price has begun to move to do just that.
One of the biggest questions I have received is where this lower high might end, I’ll be talking about that, along with covering a large amount of data evidence for what I think comes next in today’s newsletter.
Let’s dive in!
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This Newsletter Will Cover…
Market Psychology - Break the clock, and then we’ll talk
CryptoCon Models - BitTime calls for sideways
Data Analysis - Data grounding
What Should You Do?