If you bought Bitcoin anywhere in the last year, you are probably underwater right now. The chart has done very little besides bleed.
But this cycle is finally doing what every prior bear market did before it. For the first time in this entire cycle, the on-chain reset that defines a real bear has shown up in the data. In April I pointed to one footprint of a true bottom that was still missing. It is missing no longer.
In today’s premium analysis I break down:
Why the profit and loss lines finally crossing is the single most important on-chain event of this cycle
What losing the 100 week moving average while still holding the 200 week is really telling us about where we sit in the cycle
My two scenarios for how this bear actually ends, and the one rule that will flip me bullish regardless of price
This full analysis is available to paid subscribers. Upgrade below to read the complete breakdown.
