📊 Wednesday Morning Cryptocurrency Market Check! (Hive & Bitcoin) 📊
Bitcoin quickly goes Baxk to 88K. I’m raising my opinion of the chances cycle top was in at October 126K ATH. 60/40 is my bet. We can still have another leg up 140K but I’m now leaning a little more toward it being end of cycle. We hand topped in November or December all 3 previous cycles (2013 - $1200
2017 - 20K 2021 - 69K) but having it a month early or month late wouldn’t be that odd so I’m still giving it to February but I’m moving it from 50/50 to 60/40 it’s already topped at 126K for cycle. It’s not quite a double from 2021 69K high but given the alt coins basic all failed to touch 2021 highs it’s still a strong win for Bitcoin finally leading to point alt coins trying to take top spot argument is laughable. ETH will never ever Flip spots.
Hive has been one of the losers this cycle actually dumping to .10 cents and now 68% it’s 2022 .26 cent bear low price. But it’s for now holding .10 strongly as it hit .10 when Bitcoin was 100K and it’s held the last 12K down Bitcoin has moved. Though I do see Hive breaking .10 as Bitcoin hits bear period of cycle next 18 months, likely much sooner than 18 months out. But god now .10 is being support which I said it would when I predicted .10 cents in 2024. We can see on chart .10 was support after hitting .30 in spring 2021 before we had moved to $3.00 in fall & .25 in late 2020. As seen circled in all time chart below ⬇️
