We are at the proverbial fork in the road for Bitcoin it seems: are we bouncing off the $30k support, or are we breaking lower to $24k?
My take is this: the digital asset space, mainly Bitcoin, was the emerging asset post-Covid crash during the 2020 boom and into 2021. Thus it was the first to reach it's mid-cycle correction. The lagging markets, namely equities, are about to start their mid-cycle corrections. Wait for Bitcoin to be the first horse out of the mid-cycle transition and lead us back towards the peak of the broader cycle.
Let's set the stage and try to take in as much information as possible to give us a good idea of where we may go.
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