Bitcoin Data Newsletter | Friday Video Update

Not long ago I talked about downside targets for #Bitcoin in the low 30k's.

Where did they go? Nowhere.

They are still left wide open. Several observations still make this claim.

Like the Monthly LSMA, now priced at $34,423 and increasing.

No mid-top…

Does the Supertrend tell us that the new #Bitcoin price floor is $40,300?

It very well may, because the only price action that has ever reversed a trend to red is a parabola or cycle top, neither of which apply to now.

With exceptions to wicks below the…

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I have been an advocate for normal #Bitcoin cycle timing for as long as I could, but price looks to be on the verge of entering an early parabola.

Level 2 at $50,200 has been firmly broken, which by this model calls for a move to the next primary band:
…

#Bitcoin now nears new ATH's at 61k! Incredibly bullish.

And not at all expected according to our regular cycle timing which says we should be here closer to the end of this year.

Are we navigating a completely new landscape with ETFs buying away?

What…

The #Bitcoin Weekly RSI nears its final stage, the Cycle Top Zone.

When RSI enters this zone, the top has come in less than a year.

We're almost there, but not quite. It's important that the Weekly RSI closes inside.

All Time Highs have been a stiff resistance…

For the first time ever, the MVRV-Z has entered the mid-top zone outside of the .618 cycle retrace at 48k.

This is the last #Bitcoin mid-top indicator left to have fired, one that has been calling for a move to the red zone since the green zone in October…

#Bitcoin is nearing the first of the indicators to suggest a cycle top is in.

The golden ratio multiplier says that Bitcoin tops come at one level below the last.

This cycle, our cycle top band (level 5) is currently priced at $67,500.

This was one of…

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Christmas looks to be coming early for #Bitcoin!

Price smashed through level 2 weeks ago, leaving 2 new targets on the table:

Level 3: $85,334

And finally the Cycle Top Band, at $115,000.

Does this mean the the magic bands say the cycle top will come…

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#Bitcoin is now taking a slight rejection from an obvious resistance point, the ATHs at 69k.

This also coincides with the first and only cycle top indicator to have fired so far, the Golden Ratio Multiplier.

The cycle top band (level 5) in just days rose…

#Bitcoin is dancing on the edge of the most exciting part of the cycle: price discovery and illogical gains of Red Year.

Data like the MVRV-Z score confirms that our cycle may be a year accelerated, bringing a cycle top by the end of 2024.

Upon crossing…

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#Bitcoin Weekly RSI has finally peaked into the cycle top zone, with a close coming tomorrow!

The first move into this zone has brought a first top within a 1/2 month to 4 months, and the final cycle top between 7 and 10 months.

This means we could expect…

With #Bitcoin entering price discovery mode and new ATHs a year earlier than usual, we may be witnessing the death of the 4-year cycle.

Our before, perfectly structured cycles would have called for a top late 2025, but we seem to now be right on track for…

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The 2 Week Directional Movement Index tells us that a cycle top for #Bitcoin could be coming very soon, possibly within the next weeks to months.

This would be scheduled to be the first of 2 cycle tops, with a cross of 55.12.

The time it has taken to put…