I'm watching the 200 and 300 MA as the mean, we all know what direction its going long term.
FEDFUNDS paused, shit still swirling in regional and local banks, hidden bailouts, FDIC balance sheet, bonds, treasuries, national debt increasing at a rate never seen before.
I think we have all the signals we need, don't you? I know its hard to understand if your new but bitcoin is digital property, its an inverse system to currency debasement, just like gold, silver and other precious stones and metals. Homes and physical property are also hedges against the debasement, an inverse system.
People don't get the system they were raised in was designed to steal from them for the entirety of their lives. Banks are not our friends.
Halving will decimate bitcoins hashrate, and the price will dump into the event in April of 2024, as usual, on schedule. Supply gets cut in half, the miners wrecked, The fed starts to print more than they already are and liquidity starts to shift around again, bitcoin hard to get and scarce do to the large hodling community and institutions stripping supply, its the perfect storm if you ask me.
I wish I could sell everything I own into bitcoin right now but the wife and kids would be PISSSED.
Hodl on friends, hodl past 100k, that's where its just getting going, take as much value as you can through patience, mass adoption does appear to be playing out and one day we never trade our precious bitcoin for worthless bank IOUs ever again, the same way JP Morgan would never trade its precious gold or silver.
Turn on Pi cycle indicator in mid 2024 and start watching for the top.
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