Wall St Cheat Sheet Says Bitcoin (BTC) in hopium phaseThis is just for fun. I'm predicting we are in the hope phase of the Wall St Cheat Sheet.
If you think about it. That describes what everyone is doing...hoping that BTC is adopted by more people and moves into the next phase (optimism).
I do not believe BTC is crashing. We might have even seen the yearly bottom put in after it found support at the bottom of the channel it's been in.
Bitcoin looks very healthy and in an uptrend. The trend is your friend until the end.
Traditionally, it's been the best time to buy at the bottom of the channel. Usually though nobody does because it feels like it's going to fall off a cliff.
Moonwhen
BTC has definitevely entered a new, flatter slope of growth This is the BTC chart since 2012. Those who warned that a higher market cap would result in a slower nominal growth going forward were, obviously, correct.
This new growth channel still technically allows for $150,000 before 2022, but also for prices as low as $20,000. Eventually, (maybe in 10+ years) a flat curve will likely develop signaling BTC's readiness to be used as a stable global currency. But the road will be long and governments are only intensifying their crackdown on currencies out of their control. But we will win....or die in glory.