Bitcoin Expected Market Cycle PeakBitcoin has recovered from it's bigger 50% retracement, which was well needed since Bitcoin was way overextended earlier this year. Some people called it a bear market, I don't think it was we didn't take out any weekly lows. We've went through a distribution phase between February and May and entered an accumulation range soon after which we've broken out of and we're testing new highs again. I'm expecting bitcoin to perform really well the next several months to hopefully have a blow off top somewhere in 2022. I like how the techs add up with the story of an increase in inflation and people seeking depletable assets like BTC to protect and preserve their capital.
