Bitcoin Trades Near $63,000 After 50% Drop from Peak
The price has pulled back sharply, decoupling from global M2 money supply trends that once predicted its moves, prompting traders to revisit old charts and cycle patterns. Voices like Crypto Fergani see the pessimism as a contrarian sign of an imminent bull run, while Shibo reminds everyone of the tough 2-3 year stretches before massive gains. On-chain data shows Bitcoin lingering below 'fire sale' levels longer than ever, aligning with historical accumulation phases, though midterm election years add caution amid predictions up to $190,000 in the next 12-18 months.
$BTC
The price has pulled back sharply, decoupling from global M2 money supply trends that once predicted its moves, prompting traders to revisit old charts and cycle patterns. Voices like Crypto Fergani see the pessimism as a contrarian sign of an imminent bull run, while Shibo reminds everyone of the tough 2-3 year stretches before massive gains. On-chain data shows Bitcoin lingering below 'fire sale' levels longer than ever, aligning with historical accumulation phases, though midterm election years add caution amid predictions up to $190,000 in the next 12-18 months.
$BTC