#BTC

$BTC No closes yet, but it seems very likely that Bitcoin locks in a break below the First Low Bear Band, triggering a move to the Second Low Band at 44.5k.

The cycle bottom target here is on the lower end of my projections at 28.5k.

I am being very patient for the right cycle low conditions, I am not afraid of "missing out".

Especially as returns diminish and the possibility of a lackluster cycle (which most people find impossible) looms, it is more important than ever to wait for the best time to invest.

I think plenty of people will "call" the cycle bottom this go around, because if you do it at every low, eventually you'll be right. Was buying altcoins at their cycle bottom impressive last cycle? For most... not at all. The big "kicker" will be if Bitcoin only reaches... or doesn't reach, ATHs next cycle.

It's the invincible twist, because almost no crypto influencer has a plan for a complete cycle flop.

"So what will you do then, CryptoCon?"

At this point, I am very uninterested in buying Altcoins in the upcoming cycle. I think they are being challenged as a viable sector, like NFTs.

I do think Bitcoin still has potential. Even a run from low prices to near previous ATHs is a good return.

I also believe this would be temporary. And once the losers have been obliterated, a select few crypto will rise to maturity to continue more modest growth.

Diversifying seems smart. Stocks, Index Funds, and ETFs have become more interesting. I'm still waiting for good buying opportunities there too, before I allocate.

According to the Quartercent Cycles Theory, a major pause/recession is not projected until 2034, making it a great candidate for diversification.