$BTC MVRV Pricing Bands.
It’s clear, we are closer to the bottom than the top.
With that being said:
Very worst case scenario for me, or tremendous opportunity, depending on how you view the market:
We see one final move lower, everyone REALLY believes in the “Q4, $30,000”thesis, timeline is in total chaos, filled with hatred, countless “I toLd YoU sO” posts and the reversal begins to take shape.
What's interesting about this metric are the previous peaks, something that was missing this cycle, which makes me believe this is a mini bear, inside a giant bull.
Time will tell, but my plan remains the same:
DCA:
- $65,000
- $60,000
- $55,000
And so on.
Long term investors are not panicking here, they are viewing it as the opportunity it is.
They understand, the tourists have left, the masses will return when we’re back above $100,000, looking back at current prices & saying to themselves “I should have bought then”.
Same story, different cycle. Believers win. Every. Single. Time.
#BitcoinPrices #USNoKingsProtests
