Stop for a second and take a look at the chart.
BTC is repeating the pattern of 2019 one-to-one.
What happened next shocked me...
I spent over 100 hours analyzing all the market data, and here's what the whales are hiding from you 🧵👇
Before I begin...
I'll likely make my profile private soon, because I'm tired of sharing educational info for free every day. So make sure to follow me and bookmark the first tweet, so you won't lose it and future threads later
➠ 1
◈ The recent price drop of $BTC shocked everyone who was building their bull run portfolio.
◈ If we look at the chart, we see a picture identical to 2019.
◈ After which, we saw capitulation of buyers and a sharp decline...
➠ 2
◈ BUT the market showed that it is far from being cyclic; looking at 1-2 examples from the past is too small a sample size.
◈ In the post-halving phase, we will see a slight drop, followed by a flight to new heights.
◈ Don't fall for FUD and scam charts from Twitter; let's look at the real growth factors in this thread.
➠ 3
◈ First reason - the easing of the SEC's radical stance towards $BTC.
◈ The recent approval of the BTC ETF that caused a rapid rise in the market.
◈ This news is extremely positive for cryptocurrency.
➠ 4
◈ The best American companies are actively investing in $BTC!
◈ Analyzing public wallets - @BlackRock shows that the amount of $BTC in their wallets has increased several times over the past 6 months.
◈ Major investors see a bright future for this asset!
➠ 5
◈ Record low amounts of $BTC on various exchange wallets.
◈ A similar situation occurred at the end of 2020 before the upcoming bull cycle.
◈ Low token balances on exchanges = less pressure on the order book.
➠ 6
◈ Asset accumulation phase:
◈ Analyzing the charts of 2020 VS 2024 shows good similarity in the graphs.
◈ We have been in a range for a long time, with huge trading volumes!
➠ 7
◈ Market seasonality!
◈ Historically, summer is the most boring period in the industry, as all participants are on vacation.
◈ Most likely, trading of the ETH ETF will begin in the fall, becoming a catalyst for the new bull cycle!
➠ 8
◈ Presidential elections in the USA:
◈ Another popular factor - elections in the USA.
◈ Already, most understand the outcome of these elections - Donald Trump has an 85% chance of winning.
◈ This became clear after the debates, where Donald Trump crushed Biden, gaining even more support.
➠ 9
◈ Trump has long and actively interacted with cryptocurrency, launching his own projects:
NFT collections
Meme coins
◈ The candidate speaks positively about blockchain technology, and I can say that he will do everything to grow the ecosystem.
➠ 10
◈ Selling your assets now is the biggest mistake of your life.
◈ Analyzing all of the above, it can be argued that the new cycle will begin in the fall of 2024.
◈ This is precisely the period that will definitely turn your losses on assets into crazy gains!
➠ Loved this thread? I share alpha threads daily, so make sure to:
◈ Follow me @crptAtlas
◈ Like, retweet, bookmark and leave a comment on the first tweet if u loved it 👇
Share this Scrolly Tale with your friends.
A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.