Bitcoin All-Time Highs

The Riskiest Point In The Cycle

Author

Alpha 12 Team
March 05, 2024

Market Overview:

Bitcoin had its highest daily close yesterday and is almost above all-time highs and the only thing that this means is that you need to be on high alert.

While we think the Bitcoin cycle top is far away, we are at a point in the bull market where things are very overheated and price is not in congruence with fundamental factors.

Therefore, this rally cannot continue without some sort of pullback.

For the first time ever, Bitcoin (in orange below) has meaningfully diverged from this highly powerful and leading indicator (upgrade for indicator reveal).

BTC price (in orange). Leading indicator (in blue)

With factors like this, coupled with altcoins mooning and heightened retail interest, this is when you need to be paying the most attention, and it is why Alpha 12 was created in the first place.

We will be doing a deep dive into all the major valuation metrics that are screaming overbought.

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