PI Cycle Top in BTC to the day!
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The PI Cycle Top has nailed the top in 
BTC TO THE VERY DAY!
Even the creator of this indicator doesn't believe 100% that the top is really in which is a great contrarian sign.
Coupled with a now very strong downturn in the weekly MACD which has historically preceded major downturns / bear markets.
Let's also consider the following:
- Massively bullish sentiment across news media, large banks, trading/investment firms all calling for $100-500k prices
- Ethereum making fresh ATH whileBTC has stopped making new ATH. Same occurred in late-2017/early-2018
- Speculative mania across many shitcoins; 13-year old kids riverboating DOGECOIN, etc.
- Launch of several new ETF products intended to suck in dumb money right before a major spill
-BTC price peaks on same day of 
COIN direct listing; 
MSTR as a BTC proxy seems to have peaked out already
So unlessBTC can swing past 
65K, it looks like the bears could be awakening from hibernation here.
Should a major bear market commence, expectBTC prices to decline all the way to trendline support of $6000-$8000 range...
BTC TO THE VERY DAY!Even the creator of this indicator doesn't believe 100% that the top is really in which is a great contrarian sign.
Coupled with a now very strong downturn in the weekly MACD which has historically preceded major downturns / bear markets.
Let's also consider the following:
- Massively bullish sentiment across news media, large banks, trading/investment firms all calling for $100-500k prices
- Ethereum making fresh ATH while
BTC has stopped making new ATH. Same occurred in late-2017/early-2018- Speculative mania across many shitcoins; 13-year old kids riverboating DOGECOIN, etc.
- Launch of several new ETF products intended to suck in dumb money right before a major spill
-
BTC price peaks on same day of COIN direct listing; MSTR as a BTC proxy seems to have peaked out alreadySo unless
BTC can swing past 65K, it looks like the bears could be awakening from hibernation here.Should a major bear market commence, expect
BTC prices to decline all the way to trendline support of $6000-$8000 range...Transaction en cours
Here comes da pain...
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