Here is another quick Bitcoin update. As you all know, Bitcoin has risen incredibly rapidly over the past few days. Our opinion has not changed; unless there is a black swan event, we are nowhere close to a cyclical top. Although our cyclical top indicators have now started to rise, even surpassing their March 2024 levels for some, they still have a long way to go before reaching the zone where a top is likely. The graph above shows the current readings for each, along with the readings from the last cyclical top in 2021, to provide some perspective.
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