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58406473 No.58406473 [Reply] [Original]

Hello. I would like to discuss the state of the Bitcoin market.

The ATH for BTC last cycle was December 2017. And then, the next time BTC saw those numbers, was December 2020, in the lead up to the top.

Things were neatly divided. A bull before and after the halving. Now, things seem to be different. We've reached "December 2020" levels, before the Halving. We are "ahead of schedule".

So... What's going on? Will we top early? Top in late Fall 2024? Or early Fall 2024?

>> No.58406478
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58406478

>>58406473
We will either go up or down is my guess

>> No.58406499
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58406499

Greets
The current market is acting very weird. We have never been this pumped pre and on the day of havening. I think we might dump a bit more before we go on a real run to 100k... not that bs we had to 73k where there was barely any hype. A chart for reference fren

>> No.58406532

We won't top, you'll reach mature capitalization ($10t-$100t) this cycle and then trade at (monetary expansion)*(real growth)

>> No.58406534

Nothing is programmed or priced in. It is important to remember this is just individual humans deciding to buy or sell, so cycles don't have to be the same. So often you see people speak of "rules", but that is not the case. There were smaller variations between the different "halving epochs" already, but yeah hitting a new ATH before the halving is an especially different variation. The explanations I've heard are 1) last cycle was cucked by China banning mining and FTX imploding, so the bear ended early simply because the prior bull ended early as well 2) ETFs have served as a supply shock that is comparable in itself to a halving (so in a loose sense we are getting "two halvings" in the same year).

>> No.58406549

bitcoins haven't halved for the miners yet, so where will the sell presure be from