BitcoinShort
This might be the cycle top for BTC
I know that the traditional 4y crypto cycle says we are half way tough the bull market, but i dont like how the price is closing below the 21 week ema at the high for the past couple of months. Also the 10y - 2y yield is reinverting from negative to positive after being inverted for like 2 years. Usually when this happens the stock market begins a bear market.
What im trying to say is that the macro for traditional markets is not aligned with the 4y crypto cycle for a bull market. If we are to clear the high we need to do it right away, because if we struggle to do it for a few more months we might run in to a recession. And if the US is in a recession crypto aint going up. Its going down.
I really wouldnt be surprised if in 6 - 8 months BTC is sitting at 30 - 35k. And all these alts are making new cycle lows.
What im trying to say is that the macro for traditional markets is not aligned with the 4y crypto cycle for a bull market. If we are to clear the high we need to do it right away, because if we struggle to do it for a few more months we might run in to a recession. And if the US is in a recession crypto aint going up. Its going down.
I really wouldnt be surprised if in 6 - 8 months BTC is sitting at 30 - 35k. And all these alts are making new cycle lows.
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