Historically-speaking, yes, this could signal that we are nearing the end of the business cycle.
However, the confusing part of the current cycle (confusing to me, anyway) is the fact that ISM has be...
I think given your framework here some of the old cycle metrics like pi tops and 5x 200dma are probably still useful indicators. Would be incredibly disappointing if we topped without any of those heating up even slightly. Either Bitcoin is now boring for good due to Wall Street or the party really hasn't even begun yet.
Either way, all of this steady bullcrabbing for the last two years has led to a pretty good base. I'd be shocked if we ever saw sun $70k Bitcoin again
Either way, all of this steady bullcrabbing for the last two years has led to a pretty good base. I'd be shocked if we ever saw sun $70k Bitcoin again