Bitcoin should be lower, it's a bear market. This time period last cycle we were at the cycle lows of $3k, which was the previous cycle's high. Bitcoin being normal we would be closer to $17k. It's higher than it should be because of all the uncertainty in traditional options. Normal investing advice isn't working when bond prices are inverted.
Next do gold.
2018: $1,269/troz
Today: $1913/troz
Well there's your indicator, plain as day.
Now do Bitcoin
Bitcoin should be lower, it's a bear market. This time period last cycle we were at the cycle lows of $3k, which was the previous cycle's high. Bitcoin being normal we would be closer to $17k. It's higher than it should be because of all the uncertainty in traditional options. Normal investing advice isn't working when bond prices are inverted.