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A highly accurate indicator for spotting Bitcoin bottoms: the Bitcoin Bubble Index.
Since 2022, every time the Bitcoin Bubble Index drops near 10, Bitcoin enters a bottom zone.
This indicator hasn’t failed in the past four years, and the amplitude of its dips is shrinking as Bitcoin’s market cap grows.
From this perspective, Bitcoin in the $60k range has already reached the bear market bottom, and the downside is extremely limited.
If the target for the next two years is $200k, buying in the $50k or $60k range makes almost no difference.

加密猴哥
@monkeyjiang
03-30
4月比特币即将迎来曙光
比特币两个月内已经第二次触及65000。
这里震荡越久,只要不发生新的利空产生新低,后面上涨的概率就越大。
看空的散户越来越多
市场上的利空正在逐步消化
比特币大会4月举办,有内容利好预期
机构ETF资金持续流入 x.com/monkeyjiang/st…


Indeed, there's not much difference between 58 and 62. The main issue is that some people believe the price could drop to the 40s or 30s.
Yes, over the years, every time a group of extremely bearish people appear, the bottom is often formed.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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