bitcoindata21

$OTHERS altcoins have broken out, and not messing around at all.

Slowly then suddenly.
Godzilla candles have awoken.
Time for bitcoin and crypto to take the baton from AI.

Bitcoin long term realised price was not touched in march 2020 (missed by a tiny amount), and is unlikely to be touched again now (at 48k). We are mid cycle.

Retail has almost no interest in bitcoin ETFs. As low as it's ever been. Just the way I like it😉

The last major bitcoin low VWAP provides support for the next major low - from 2015 to 2018 to 2022 to 2026.

Too much emphasis being placed on late 2022 comparisons (see 2017 and 2020 below).
Bitcoin bounces along cost of production (white line), and only goes parabolic once U.S ISM PMI reaches around 55.
Btc dominance is rising/flat up until this point. Look at what happens to it after...
*Notice the length of time - this cycle is exactly twice as long.
**You can add bond yields, or copper/gold, or 15-20 other data points. But that would make the chart impossible to read.

Bitcoin dominance has had low volatility for a year now, staying glued to the VWAP from the bitcoin ETF launches in January 2024.
When it breaks and becomes resistance is important for alts.

Is it a coincidence that bitcoin is hovering around its estimated cost of production, while the U.S ISM PMI is at 55.6 for the first time in the cycle - 3 CYCLES IN A ROW?
The answer: probably not a coincidence.

You want to see the dollar break down here, after a fakeout above 100.
That would ignite risk on for bitcoin and crypto.

You are only going to get so many opportunites to buy Ethereum.

No surprise. The AAII sentiment survey is still net bearish. This wall of worry is epic.

The Solana Bitcoin pair is trying to break out on the monthly chart. The same goes for its RSI.

$IWM / $SPY has already broken out.
Bitcoin parabolas follow. This time is not different yet.

Bitcoin Death Cross
50 week sma crosses through 100 week sma at or near bottoms.