6M
...
If you believe in big fractal energy, the next few months will be totally decisive for bitcoin’s price.
For all we know, bitcoin’s all-time high of nearly $73,740 in March was the peak of our current cycle.
That would mean the bull market is over. Bitcoin and ether trading 5% lower today — sending practically everything else except stablecoins into the red — surely isn’t helping sentiment.
But the problem with markets is that you never really know when they’ve topped out.
Looking back, bitcoin’s all-time high in December 2017 was clearly the top for the next three years, even if altcoins continued to rally for another few weeks.
Read more: Empire Newsletter: Market…
Read more on Blockworks