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Since my last Tradingview post I've been looking at the bitcoin cycle and putting it into perspective of real purchasing power by adjusting the price for the money supply.
More will becoming on the timechain (an x axis of block height rather than date) front, but I wanted to post about how undervalued bitcoin is in...
Not too much to say, we had a black swan with China banning the Bitcoin network from the country and miners are relocating. As the hash rate recovers the concerns about security risks to the network will decrease and momentum should shift back to the upside. A lot of leverage was cleared from the mid cycle dip and we've had historic capitulation. Time will tell,...
