Bitcoin: So What Now?

Bitcoin: So What Now?




After all this time, #Bitcoin has continued to stay between $30k-$60k. Let us take a look back at prior cycles and understand what …

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About the Author: Benjamin Cowen

41 Comments

  1. Ben I enjoy your market cycle theory but all of them are based in a period of massive quantitative easing. If this stops does it completely throw out the rule book on market cycles?

  2. My view: 1. bitcoin correlates strongly with the Nasdaq. 2. the Nasdaq will continue the down trend as long as the fear of interest rate hikes by the Fed persists. 3. the Fed cannot effectively fight inflation with rate hikes because prices are rising due to limited supply (and high demand). 4. at some point, the Fed will move to accept permanently higher inflation. 5. when the markets realize that the Fed is not raising rates significantly and inflation remains high, Bitcoin will go to the moon (inflation hedge)

  3. I just looked at the chart and it shot up $1000! It's so fun to watch when it goes up like that and you happen to catch it. Arkansas in the house woop woop

  4. You're not assuming that people took profits without reinvesting them? People who thought that the current cycle was over in November 2021, now have enough dry powder to reinvest in what they think is the bear market.

  5. It already broke bearish out of the M, W, D rising wedge for Bitcoin. It also looks like Bitcoin is forming a Massive M pattern with a price target between 8 – 14K while on the flip side the DXY is forming a massive W pattern on the M.

  6. I hate how misleading these lengthening cycle videos can be, I don't consider that first "cycle" a true cycle. That is just an "inception pump". What criteria are you using to call that a cycle? Counting it can completely paint a different picture. Thanks for your information, sir.

  7. Quality is rising to the top in this community. Hoping the blowhards will die off (figuratively) like ponzi meme coins.

  8. It is becoming obvious to me that the BTC price is dependent on excessive Fed created liquidity, and it always has been. The price of BTC does not seem to be independent from the system at all. When the Fed admits their inflation defeat and reverses their "tightening" policy, BTC will skyrocket, as will gold, silver, general commodities and stocks. This Fed defeat should occur in the next few months, as the economy worsens and the mid-term elections near. The Fed has a 100% record of screwing up and playing catch up.

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