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Thursday

22 April 2021

Crypto CEO “Convinced” Of Bitcoin Cycle Top, Warns Of Sell Side Intensity

Crypto CEO “Convinced” Of Bitcoin Cycle Top, Warns Of Sell Side Intensity


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It’s caused them to be increasingly convinced that a cycle top is potentially in.

Bitcoin price has had its best year on record yet dollar for dollars and fundamentals, the stock-to-flow, and just about all other data suggests that the bull run isn’t near finished yet.

He says that the rising red wave in the indicator pictures above is “ask dominance of aggregated spot markets” which he says depicts a “very serious sell side” with enough power that could topple the now struggling Bitcoin rally.

Fundamentals remain heavily bullish for Bitcoin, but bearish technicals could at least cause the first serious correction, if not the cycle top that Saz is warning of.

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