The 4-year Bitcoin cycle just died, and no one noticed.
🪦 $BTC 🪦 Crypto-Twitter exploded, calling October 6 the peak of the cycle. An eighty-four percent crash is coming. Bear market confirmed. We are folding up. Only mathematics says that they are catastrophically wrong. Every indicator that predicted the peaks of 2013, 2017, and 2021 is silent.
🟡$BTC analysis of the current BTC price dynamics at $89,418 (down 3.29% today): key levels to watch:
support: - $85-86K – immediate support zone - $80-82K – main accumulation zone where, according to Larry Fink, sovereign funds were buying and where we saw significant whale activity (3,805 BTC/$350 million purchased, Matrixport withdrew 5,805 BTC/$468 million from Binance)
❗️📩🇺🇸USA — Personal Consumption Expenditures (PCE) Price Index (Sept) — ⚪️mixed statistics — expected 📈 growth from 2.7% y/y to 2.8% y/y and unexpected 📉decrease in the core indicator from 2.9% y/y to 2.8% y/y.