Pi cycle bottom and top indicator has been pretty accurate over the history of bitcoin price action. It is currently once again flashing "bottom." If history repeats itself we may see a price action similar to what I projected in the chart aligned with the long term trendline.
The Pi Cycle Indicator forecasts the cycle top and bottom of Bitcoin’s market cycles. It attempts to predict the point where Bitcoin price will peak before pulling back or will bottom before it takes off. It does this on major high time frames and historically has picked the absolute tops and bottoms of Bitcoin’s major price moves throughout most of its history.
what kind of money will invest into a speculative asset to push it to 10 trillion$ market cap, in a recession with rising inflation on the weekly, war that slowly escalating?just a genuine question for you to answer and actually think before you copy paste charts to fit your mindset
CryptoBreakers
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@justinkeife36, thank you for your comment. In order to understand that you need to separate emotion from your understanding of money. "Money is a commodity accepted by general consent as a medium of economic exchange. It is the medium in which prices and values are expressed. It circulates from person to person and country to country, facilitating trade, and it is the principal measure of wealth." So we use language to create and express meanings, if we all decide the value of something as a global community that will be the value. Bitcoin is in the beginning of its adoption and is not dependent on any one nation's monetary policies. It may be affected by it in the near term but it will decouple in the long term with global adoption.
justinkeife36
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@CryptoBreakers, you do realize there will be a global recession (the point of my comment you skipped over) so again who will be putting money into an asset during that time
CryptoBreakers
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@justinkeife36, Thank you for your comment. I did not skip your point. You are being very specific to a global recession point in time and my chart covers timeframe perhaps longer than your projection of a recession timeframe. Please pay attention to the time frames. If you believe recession will be forever then you may be right. No one puts money into no asset. But I think history tells us a different story. Markets move way ahead of the crowds. And sometimes when crowds think recession is here that is the bottom. I think we have probably some ways to go which my chart shows.
Ben_vouh
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Ben_vouh
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dump it
Z3R0-G3N3S1S
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There is no top or bottom, only middle.
scrom_indicator
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hahahaha I love when you order a pad Thai and it's got a lime on the side.