CryptoCon: Bitcoin reached its peak in this round of uptrend at 45k, and the upward trend may come to an end
Crypto analyst CryptoCon tweeted: Greed surrounding Bitcoin ETFs couldn't be higher, and data couldn't look more overheated. This is why I have remained a step ahead, and have been saying that Bitcoin has found its local high at 45k.
The SMI has completely peaked, the first time this happens in every cycle has marked the cycle mid-top. Analysts abroad are looking for the common .618 cycle retrace at 48k, meanwhile, when measuring from the April 2021 technical top, we're already there!
The major importance of this? Better buying prices for those that need them. I believe around the 30k region. I have been bullish since 25k when most were expecting 21 - 23k. Data now says that it's time for a pause! I don't think this time is any different.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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