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.
Bitcoin Racing to the $100K Mark
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