ATH before the halving, why?
$BTC Supply is already set for an ATH. With sufficient demand increase, that is where price is going.
Halving narrative has become super popularised way more so than it was in 2019. It is now being talked about on CNBC that the halving starts bull
We have an ATH before the halving and now we have a bear trap.
Next up 130k-150k or more importantly whenever hodl wave and other key indicators signal a top.
Year of the camel.
$BTC
"No ATH before the halving, it's never happened before."
"Bull run until 2025, it's what's always happened before."
Do you see what is going on here sheikh.
$BTC
Are you prepared for the potential scenario of turboing to 150k within 3 months and then entering a bear market.
In this scenario very few are selling. The ETF narrative has already trapped a whole lot of people.
$BTC
People were very attached to the idea of Bitcoin being unable to make an ATH before the halving.
In spite of this occurring, they are now super attached to the idea that the bull market must last until mid 2025.
I think they will end up being wrong in both cases.
70% of this
This momentum is not indicative of a slow, long bull run like the herd are expecting, running until 2025.
Quite the opposite in fact.
Don't follow the herd.
$BTC
I think in general people are targeting way too high for this bull move.
130k-150k max I think.
Hodl wave will point the way but seeing large consensus above 200k which is too high imo.
My guess is that this move is going to be a lot quicker than people expect, everyone is
Everyone wants a deep correction.
Why? Because that's what happened in previous cycles.
I think these people will be disappointed.
Either way, it's still a bear trap.
$BTC
Accumulation is ending.
Expectation is what follows next is parabolic expansion, distribution and then a new macro top.
That has been the playbook every time so far.
Macro uptrend until 130k or whenever hodl wave reaches a bottom.
$BTC
The plan was/is ATH before the halving.
Secondly a parabolic move resulting in a macro top quickly after ATH's.
Thus far, the plan is working. I think people wanting a long bull market until 2025 will be disappointed.
Will continue to observe.
$BTC
This bull run feels weird because it's not a full blown bull run.
This is not your 2 year Bitcoin up cycle.
This is the concluding parabolic move to the 2020 cycle and in fact Bitcoin's entire price history.
Up faster, over quicker, max confusion.
$BTC
Now we have made a new ATH we are reasonably close to the end of this bull move.
Once past ATH's proper, everything gets faster and faster until the top.
Don't listen to the narratives.
Top is much higher.
$BTC
It may seem obvious but most people are missing that an ATH before the halving likely results in peak much much sooner than most expect.
It's pretty logical if you consider it.
$BTC
I don't understand why people are losing their marbles here.
We are consolidating at ATH's, even if we do correct deeper it's just a larger bear trap.
Get a grip sheikh, good grief.
100k is programmed.
$BTC
Have you noticed how a lot of people are still fast asleep on here.
We are literally consolidating under ATH's after having made an ATH before the halving for the first time ever and yet, you can still hear people snoring.
Much higher to go and much faster.
$BTC
I keep hearing this statement of late.
"ETFs have changed the game."
What this effectively translates into is, "I won't be selling the next top and will hold all the way down."
I've been there myself, most have.
Technicals/fundamentals only.
Ignore narratives.
$BTC
We are going much higher, much faster than you expect sheikh.
And then we are coming much lower, much faster than you expect sheikh.
Expect the unexpected, this is not a brand new 2 year bull cycle.
$BTC
Hodl wave on a steep path downwards.
This is not bearish, this is bullish but what it also means is that the top is on the way.
However, when we get there people won't want to hear it. Various excuses are already being made and I expect they will only get louder as we go
I have been posting this chart for many months and thus far everything is playing out as indicated and thus expected.
This data continues to say an ATH in 2023 is the more probable scenario.
$BTC
I think this correction is starting to look like the slingshot into the max vertical parabolic phase.
There are too many people talking about going significantly lower or sideways for a long time.
This of course stems from the idea that the bull run will last until 2025.
If we do in fact breach ATH's before the halving as I expect.
The narrative shift will cause total panic amongst those side-lined and under the impression that they had many months to accumulate.
There are not many people long and expecting ATH's and higher.
$BTC