Whatever it is, BTC loves this blue line. They're soul mates. No doubt BTC comes down to give it some love before going up.
Drew some fun with charts on what that could look like.
EOY will be make or break for this cycle.
EOY sell pressure will drive down the run-up that's currently building (consider institutions needing to report EOY gains).
Question is - Does BTC fall into the anticipated EOY sustained bear market, or does lengthening cycles take over and push this cycle into Q2/Q3 2022??
