when bitcoin hovers right at a previous cycle's all-time high instead of getting slapped down, it shows that buyers are stepping up and easily eating all the sell pressure. grinding sideways at the ultimate ceiling builds a massive launchpad for price discovery, because once it breaks through, there is zero historical resistance left to hold it back. with the post-halving supply shock in full effect, holding this exact line has historically been the ultimate springboard for a parabolic run.
BTC is hovering at the ATH of the former 4-year halving cycle. If that isn’t a buy signal I don’t know what is.
byu/don_kruger inBitcoin
Posted by don_kruger
1 Comment
We’re not even close to the -70% drop that happens every cycle. Wait u til October to buy