We haven’t even entered the “disbelief” phase in $BTC yet, but the noise and fear are so intense that it feels like a bottom rather than the end of the depression phase. It seems that investors’ mental resilience in Bitcoin is weakening over time.

bitcoin:native is undervalued, but ethereum:native is even more undervalued. It’s trading more than 1 standard deviation below its mean price.

I promised not to talk about gold anymore, but I can see a new, coordinated wave of gold promotion approaching. Very influential voices are claiming that gold’s bottom is in. Not just a local bottom, but the bottom. ☝️ This could clearly serve two purposes: first, to attract more exit liquidity from retail investors, and second, to minimize retail participation in Bitcoin ahead of its biggest bull run since 2017.

Before $BTC reaches its final cycle top, there will be some excellent local cycles for short-term trading. But those opportunities are for investors who are already fully allocated to Bitcoin. Those who aren’t fully allocated should be buying it blindly at any price below $93K.

So you’re telling me that these EMAs, which have correctly confirmed every local and global bottom throughout $BTC’s history, are wrong this time, and that the bottom isn’t in because of the 4-year cycle theory? No.

The daily RSI is signaling that today is a buy day for bitcoin:native