This is how we know Bitcoin isn't near topping out yet...

8일 전

Wouldn't it be nice if you had a warning sign when bitcoin was ready to top out, well this is your next best thing...

The only bad thing about investing in bitcoin is the uncontrollable urge to try and trade the cycles.

For anyone able to control that urge and not interested in trying to take some profits and buy on dips, you can go ahead and ignore the rest of this post.

For the rest of you, continue...

There were a number of indicators and signals that gave clues that bitcoin was topping back in 2017, but now we have even more.

Below is a list of many of the most widely followed indicators and patterns and their numbers when bitcoin topped out in 2017...

image.png

(Source: https://twitter.com/mskvsk/status/1379088774135693313)

While history doesn't repeat exactly, it sure does rhyme an awful lot.

Looking at the above data, and there aren't any indicators or figures that are at the same point or higher (except for the price) as they were back at the 2017 peak.

Which means...

We are likely not at the top now.

These metrics will be good ones to pay attention to over the coming months as bitcoin likely climbs higher and higher.

Eventually there will come a time to take some profits, and this metrics will be good clues as to when we are close to that time.

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And this comes out to be....drum rollllll...

$167,241.18 BTC price. Just kidding :)

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Haha that's probably not far off! A ton of models point to a price somewhere between $100k and $200k, so you are right there with this.