So many are suddenly bearish as they "feel a correction is needed" or the runup was too strong too far out from halving. I disagree. I think we are near the lows for the cycle and the FTX overcorrection tricked our brains into thinking that was the low.

So many are suddenly bearish as they "feel a correction is needed" or the runup was too strong too far out from halving. I disagree. I think we are near the lows for the cycle and the FTX overcorrection tricked our brains into thinking that was the low.

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With one look at the rainbow chart, you see we are now in "BUY!" territory.

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With ETF's on the horizon, this would imply a greater demand, and with any market efficiency at all, it would mean the run up should occur earlier as the asset matures.

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Bitcoin is now acting on par with the stock market, and suddenly people are uniquely thinking Bitcoin is headed lower? That seems odd.

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I think we are heading to the 40's in the short term. Let's see how many downvotes I can get.