Since December 2024,
BTC has been closely following the SPX500, forming three similar cycles—each decreasing in intensity and shorter in duration.
The similarities are striking, especially when analyzing the MACD and RSI.
Each cycle ends with a bearish divergence.
Each cycle sees a rebound or bottom during consolidation, often touching the top of the previous cycle.
Most importantly, the cycles are accelerating.
However, it’s difficult to draw a definitive conclusion. These patterns are new in Bitcoin’s history, and there's no past reference for such institutional-driven behavior.
I believe the entry of institutions is reshaping Bitcoin’s rhythm. Their strategy is accumulation, not speculation, which brings more stability but also alters traditional crypto cycles.
What do you think will be the consequences of this shift?
Drop your thoughts in the comments👇
The similarities are striking, especially when analyzing the MACD and RSI.
Each cycle ends with a bearish divergence.
Each cycle sees a rebound or bottom during consolidation, often touching the top of the previous cycle.
Most importantly, the cycles are accelerating.
However, it’s difficult to draw a definitive conclusion. These patterns are new in Bitcoin’s history, and there's no past reference for such institutional-driven behavior.
I believe the entry of institutions is reshaping Bitcoin’s rhythm. Their strategy is accumulation, not speculation, which brings more stability but also alters traditional crypto cycles.
What do you think will be the consequences of this shift?
Drop your thoughts in the comments👇
Telegram: t.me/metaisland_gg
Twitter X: x.com/cryptonikkoid
Web: nikkoid.com
I do not answer to private messages. Use the comment section of the idea or script, or use Telegram.
Twitter X: x.com/cryptonikkoid
Web: nikkoid.com
I do not answer to private messages. Use the comment section of the idea or script, or use Telegram.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Telegram: t.me/metaisland_gg
Twitter X: x.com/cryptonikkoid
Web: nikkoid.com
I do not answer to private messages. Use the comment section of the idea or script, or use Telegram.
Twitter X: x.com/cryptonikkoid
Web: nikkoid.com
I do not answer to private messages. Use the comment section of the idea or script, or use Telegram.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.