We're approaching 365 days, meaning a full year without a new ATH.
Up until this cycle, a new ATH was systematically set shortly after the halving, but this pattern seems to be shifting over time. Worth noting, the next halving is estimated around April 2028.
We can also observe that the time between each cycle's top and the formation of a new ATH is shrinking as well.
Comparing the numbers : • 2014-2017 : 1,180 days • 2017-2020 : 1,094 days • 2021-2024 : 849 days
If this logic continues, we might expect an even faster new ATH this time around. #BTC Price Analysis# #Bitcoin #Crypto#
$BR / $USDT just did BoS on the 1D candle. There is a good probability #BR trying yo retest this BoS zone. Ideal place to enter a long position if market allows
$462.73 million was withdrawn from #Bitcoin ETFs this week. This marks the largest weekly outflow in the past 10 weeks.
🇯🇵In addition to U.S. inflation, Japan’s CPI came in at 7.6%. Expectations: 7.4%. This is the highest level since February 2023. Interest rates will rise, which will hurt carry trades.
Despite a brief rally following the CPI release, $BTC remains below $78,000, and $ETH has fallen to $2,500.
Despite the LTF $BTC chop, all we’ve really been doing is repeatedly hunting longs below the previous lows.
So clearly, the objective has been to take out longs. The question is: why?
When the market continuously hunts one particular side, there’s usually a reason. More often than not, it’s because that’s the side the market eventually intends to reward.
Repeatedly sweeping the lows de-leverages the market and slowly destroys conviction in longs. Eventually, people become conditioned to expect every sweep to lead to the breakdown.
Then boom.
The final sweep marks the local bottom, and price expands back towards the highs.
The idea is simple: make the winning side as uncomfortable as possible. Force them out, make them lose conviction, and convince them they’re wrong.
Repeatedly hunting the lows after a major impulse does exactly that. #BTC Price Analysis# #Bitcoin #Crypto#