Hello Premium Readers!
Since the last Premium Newsletter release, Bitcoin has taken quite the trip. During the time of writing last Newsletter, Bitcoin traded at $23,000, then took a dip down to a range around $21,500, and shortly after that a huge swing up to around $25,000 where price currently stands. It is becoming clear that demand for lower Bitcoin prices is extremely high right now, as the pull back to $21,500 was quite shallow, and only lasted about 5 or 6 days. The recovery was astonishingly quick, as Bitcoin immediately made new highs for the year.
In the last newsletter, I said that it was a good time to buy at $23,000 and gave some metrics that I was watching in preparation for the next cycle top:
As price sits at new yearly highs, the question is now, is it still a good time to buy Bitcoin? I will answer this question using the current market psychology, on-chain data and more.
This Newsletter Will Cover…
What is everyone thinking? (Market Psychology)
The Current On-Chain Data
What you should do
A Top Indicator