GMI Bitcoin Cycle Top Finder (CTF)
Hello!
Today I found in a tweet from @theionicXBT, the GMI Bitcoin Cycle Top Finder (CTF). I have yet to do some deep research about it but I find it interesting.
The Bitcoin Cycle Top Finder (CTF) is a tool made by Global Macro Investor, from Raoul Pal and Real Vision. They are well-known and respected investors in the crypto world. This indicator helps to see when Bitcoin could be close to the top of a market cycle.
In the past, when the CTF went up a lot, it was usually a sign that the market was too excited. After that, big corrections or bear markets often came. So, the CTF gives a kind of warning when things might go down soon.
Right now, the CTF is still low compared to other big peaks in the past. That could mean we are not at the top yet, and Bitcoin might still have more room to go up.
Find here the X/twitter pages of the creators:
Raoul: https://x.com/RaoulGMIReal Vision: https://x.com/RealVision
What do you think? Do we still have room to the upside?
I think so. Bitcoin is really close to all time highs, I will be very surprised if we are not able to break them in the coming days/weeks.
As promised...
Here we have it. Michael Saylor pressed again the "BUY BUTTON" and his company, Strategy, now is hodling 568,840 Bitcoin worth over $58 Billion dollars.
They will keep stacking, that's a fact. Other companies are joining the race. Metaplanet now is hodling 6,800 Bitcoin up 1,240 Bitcoin from yesterday.
As they use to say... YOU ARE NOT BULLISH ENOUGH!
I am starting to get nervous. The moment we all have been waiting for the past 4 years is here. We are so close… It will be very disappointing if the bull market ends here. It’s not in my mind right now, be prepared, high volatility incoming!
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https://www.reddit.com/r/CryptoCurrency/comments/1kl4ko6/gmi_bitcoin_cycle_top_finder_ctf/
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