Athena Index score: pending/100
Bitcoin could drop 70% from the highs in from a top in a post having year because that's what it normally does.
I think is the most likely outcome here is to watch for a lower high for Bitcoin to form in March.
Bitcoin stays weak usually in the late June. Sometimes that weakness will persist into early July... get a counter trend rally kind of in the back half of the summer, and then that'll set up the final
On average, Bitcoin is down about 45% at this point in the mid term years, which would actually put Bitcoin a lot closer to 50 k
notice that the realized price is down at around 53 k. So it seems likely that at some point, Bitcoin would go below the realized price
Maybe it does the same thing. Bitcoin could rally up to that 200-day moving average in like late July, early August
it's kind of in between the 200-week moving average and then also that bear market resistance band. And I think it's going to be forced to make a decision a little bit later this year
Bitcoin is down 24% this year against silver even though silver had a big drop.
Bitcoin, how far down is it against Exxon? 32% against Exxon this year alone, and it was down 16% last year.
Bitcoin down 50% against Dow.
Bitcoin down 24% against gold this year.
I just think it's in a bear market, um which is fairly normal.
those higher risk assets are still bleeding to Bitcoin.
Bitcoin is in a bare market, but it's always in a bare market in in mid-term years.
I'm optimistic that in the long term, there will be something
There's a reason why I buy Bitcoin every Monday.
I think we might look back on this moment in a couple of years and be like, you know what? As as much as people didn't like Powell, we're the markets were probably better off with him than without him
Bitcoin was at a 109 k. Okay? And then now it's a year and a half later almost, and Bitcoin is trading it at 76 k.
I mean, I feel like we're in a new market cycle by this point.
Bitcoin's down against the stock market. Like, the S and P five hundred is down against the Nasdaq. It's down against gold. It's down against energy.