This Chart Contains Everything You Need to Know

Data is the most important factor for me when investing in #Altcoins & #Bitcoin.

In this case:

• The 2-week RSI indicator is at its lowest level since previous bear market lows.
• This coincides with the lowest point in the economic cycle. In fact, the current state of the economic cycle is the lowest since Bitcoin’s existence. However, Bitcoin is trading at $70,000-$80,000, higher than the all-time high in 2021. Major players are buying this asset because they know what’s coming: a big bull market. The only reason Bitcoin is surging so strongly is due to the influx of ETF funds. That’s amazing. It shows how truly strong the market is. The second important factor is the recent rally in gold. The fact that we’re seeing such a strong rally indicates Bitcoin’s growth potential, as both follow the same trend. If gold rises first, Bitcoin will follow. The chart also tells a different story: the 4-year cycle has ended, and investing in cryptocurrencies will be extremely complicated if you lack patience. However, impatient investors will never profit, and if you’re looking for big gains in this market, you need patience. Those who are patient will be rewarded. In summary, this is a 2-week candlestick pattern, meaning a reversal takes time. Bitcoin may stay at this level for a longer period, but considering the market has experienced a major sell-off and is currently declining sharply due to volatility, I believe we will see a strong rally in the coming weeks.