When I pull up a chart of Bitcoin, it continues to amaze me how beautiful the chart looks. We are currently seeing a large cup and handle base form on multiple time frames. In my opinion, practitioners of technical analysis will look back at Bitcoin's current chart years from now and study it as a textbook example of an asset that is under accumulation. What's also fascinating is how similar Bitcoin currently looks to past cycles, particularly 2016 and 2020. I personally believe this cycle will play out closer to 2016 than 2020, but time will tell what the future holds.
I've also noticed that while many were hyped about Bitcoin around the halving, no one seems to care at this point. It seems that most have forgotten about Bitcoin or moved onto other things. However, by analyzing Bitcoin's monthly chart, it is clear that the strongest action has occurred AFTER the halving. Moreover, when we note the parallels of the current chart to that of 2016 and 2020, it is easy to make the case that the full move in Bitcoin has NOT taken place yet. In fact, it appears that the strongest part of Bitcoin's move may be just around the corner.
Risk right. Sit tight.
Full Disclosure: I currently own Bitcoin, Solana, IBIT, and Ethereum.
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