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Bitcoin - Goodnight Moon - See you in 2024

COINBASE:BTCUSD   Bitcoin
Bitcoin always returned to macro bottom . Slow Landing.

Most of the people who have entered crypto are newbies (i.e. its there 1st bear market).

Almost 50% are liquidated, dejected ,frustrated and left the market.

Almost 30 % are holding the bags bought from the top based on the advice from influencers.

And a very few are holding fiat , shorted the top and awating the bottom to begin accumulation.

If you had seen the previous bear markets , you will see that there is enough opportunity to Buy and plenty of time to accumulate.

All the big players who designed the money cycle who sold the top (distribution) will be now awaiting the bottom the begin buying. Obviously the limit orders are huge as institutions , billionaires will be buying with huge capital and limit orders will take huge time to get completely filled ,which results in a long and boring bear market.

Meanwhile , liquidity in Prep markets will drive short term price action. If retail shorts --> Funding is negative --> MMs will grab the liquidity --> same the other way around.

My recommendation :

Keep scalping in futures , accumulate more funds.

Invest in BTC and alts over the bear market .

The Red path is something feels more likely to me (long and boring)

The Green path is something what you want and you are never gonna get it.


Bear Market Duration Depends on the following :

1. Number of Transactions on BTC Blockchain --> Higher the transactions --> Earlier the Halving (Block size based)

2. If More players decide to enter obviously then transaction increase and bear market duration shrinks.

3. If there is a significant drop BTC transactions (due to worldwide bans on mining etc) then halving is delayed or may be even cancelled and BTC then goes to ATL. This is highly unlikely scenario but its worth noting !

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