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If you understand history, you know this is no coincidence
2014, Bitcoin and gold bottomed after 14 months
2018, Bitcoin and gold bottomed and rebounded after 14 months
2022, Bitcoin and gold formed a major bottom after 14 months
This cycle, Bitcoin’s bear market relative to gold has now lasted 19 months.
The cycle has run its course, the decline has been sufficient, coins have changed hands thoroughly, and risk has been fully cleared
Three cycles, the same timing code, the bottom is already in
September is when the bull market begins.
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BTC-3.73%
GLDX-2.29%
PAXG-2.16%
The most positive development for Bitcoin over the past few days has actually been ETF flows.
On October 19, U.S. spot BTC ETFs saw net inflows of $526.7 million, followed by another $23.2 million on the 20th and $40.8 million on the 21st.
That’s a cumulative net inflow of about $591 million over three trading days.
On the 19th in particular, BlackRock’s IBIT attracted $665.2 million in a single day, showing that institutional buying hasn’t completely disappeared despite the consecutive declines leading up to it.
#btc
BTC-3.77%
  • 1
Focus on your own trading, take good care of your private-community followers, and only trade market conditions that suit you. Three months is one cycle, and six months is one milestone. Good results are waiting for us! #BTC #ETH $BTC $ETH
BTC-3.73%
ETH-5.05%