BitcoinLong
Cyclical Bitcoin Analysis: Why Is 135K Significant?
When Bitcoin prices above 135K, we’ll witness the bull rally gaining momentum. Why?
From a cyclical perspective, combining on-chain and technical data, I’m confident we are not yet at the peak of this bull rally. At least, if all this data isn’t going to become irrelevant, I’m certain of it. I believe that once Bitcoin surpasses 135K, the bull rally will accelerate, leading to a parabolic rise.
In the chart, you can also see the MVRV Z-score (below), providing additional evidence that we are far from the peak.
From a cyclical perspective, combining on-chain and technical data, I’m confident we are not yet at the peak of this bull rally. At least, if all this data isn’t going to become irrelevant, I’m certain of it. I believe that once Bitcoin surpasses 135K, the bull rally will accelerate, leading to a parabolic rise.
In the chart, you can also see the MVRV Z-score (below), providing additional evidence that we are far from the peak.
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