Firm believer in BTC and the applications it provides as a whole.
Wanted to see a larger perspective and yup.
Long term hodlers know that this isn't anything new.
Though the exposure now vs 2017 or 2010-2013 is way different so we might not see the same type of price action previously.
The resilience shows what this can be capable of.
Institutional and company treasury allocations is only becoming larger.
Crazy huge and the largest MACD gap on the weekly with what info thats available.
Long term RSI looks like its a slight downtrend so might be getting there as far as limits.
Average peak to trough is 315.5 days before uptrend continues.
Fib levels match nicely with other highs and lows.
Personally I don't believe BTC will ever be under 20k again and bounce-backs could happen a lot quicker.
Inflation is a totally different topic but its there.
Wouldn't be surprised if we range in a .5 to .382 Fib range
That's all folks,
Wanted to see a larger perspective and yup.
Long term hodlers know that this isn't anything new.
Though the exposure now vs 2017 or 2010-2013 is way different so we might not see the same type of price action previously.
The resilience shows what this can be capable of.
Institutional and company treasury allocations is only becoming larger.
Crazy huge and the largest MACD gap on the weekly with what info thats available.
Long term RSI looks like its a slight downtrend so might be getting there as far as limits.
Average peak to trough is 315.5 days before uptrend continues.
Fib levels match nicely with other highs and lows.
Personally I don't believe BTC will ever be under 20k again and bounce-backs could happen a lot quicker.
Inflation is a totally different topic but its there.
Wouldn't be surprised if we range in a .5 to .382 Fib range
That's all folks,