Most indicators, like Pi Cycle and MVRV Z-Score, haven’t reached the euphoric top, so why would we expect to hit the bottom metrics of these indicators?
If all top indicators haven’t reached this cycle, why would the bottom indicators reach this year?
byu/Laakhesis inbtc
Posted by Laakhesis
1 Comment
Been watching these same indicators for few cycles now and you’re right – we haven’t seen that real euphoria phase yet where everyone and their mom is buying bitcoin
The thing is though, sometimes markets don’t follow textbook patterns perfectly. We could get some weird truncated cycle or external factors might mess with normal flow. But yeah, statistically speaking if we didn’t get the full top signals, probably makes sense we won’t see the classic bottom ones either
Could be we’re just in some extended consolidation phase before the real fireworks start