Bitcoin Data Newsletter | Friday Video Update

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#Bitcoin continues to face resistance at level 2.5 of the Magic Bands at $73,500, but that's not the ultimate target.

After breaking level 2, level 3 becomes the next milestone, now priced at $89,685.

The longer it takes to reach the target, the higher…

Just like other cycle tops, #Bitcoin short-term holders have gone vertical.

This means that the amount of investors that hold for 155 days or less is increasing drastically, which puts pressure on the market.

Some have attributed long-term holder selling…

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#Bitcoin Weekly RSI is now retreating from the Cycle Top Zone.

The majority of the cycle price action is usually completed by the second and final visit.

In the first and second cycles, the second move to the Cycle Top Zone marked the end, while in 2021…

Long-term holders are leaving #Bitcoin. Some write this off as purely ETF/Grayscale selling related, but many data points also show caution.

One of those is the 3-week Chande Momentum Oscillator, which has reached the cycle top zone.

It has not been long…

Bitcoin Data Newsletter | Friday Video Update

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#Bitcoin corrections can be worrisome especially when we've been spoiled by no 30% corrections the entire cycle.

But even with ETFs present, they must occur.

Price has yet to retest the 20-week EMA at now $55,600 which would provide stability for price…

Public interest for #Bitcoin and crypto as a whole is still far behind where it should be for a cycle top.

Greed in our space is already here, but it doesn't seem to have reached the masses yet.

There has only been a small uptick for the search term "crypto"…

Bitcoin Data Newsletter | Friday Video Update

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