When Should You Take Profits This Bull Market?

Market Overview

We’re keeping this one short.

Not much to cover; everything is still maximally long and bullish.

But…

We’re going to show you metrics that indicate how far we are from a top.

And when you should take profit.

Bitcoin is overbought, yes. And some metrics even show it being overvalued.

Things seem too good to be true.

Especially with a rising dollar and weak US liquidity.

But we’re not actually done yet.

The top is not in yet.

The short-term top will be between $120k-$140k.

Why?

Check these out:

1. Bitcoin is looking exactly like it was in December 2023.

Not just looks wise, it’s even BEHAVING the same.

Look at this:

2024 on the left. 2023 on the right

If you can’t read this chart, it basically shows that when Bitcoin hit $39k exactly 1 year ago, it quickly jumped to $45k. It also shows that the conditions that allowed that to happen are 100% the same this time around.

Meaning Bitcoin should jump to at least $120k in a short amount of time.

2. Bitcoin’s MVRV, a well-known and respected metric, is yet to hit the upper purple band. When it does, Bitcoin will be at around $130k.

3. Even more proof Bitcoin is behaving like previous cycles.

This image shows where Bitcoin will be if it follows the path of 2020. The top would be around $140k.

What makes this interesting is that Bitcoin HAS been following the 2020 path very accurately since November.

Of course, that is no guarantee that this will continue, but it is great confluence.

Something that’s a bit concerning is the fact that the Bitcoin-M2 correlation is suggesting we will peak around Christmas.

M2 has a 12-week lag to Bitcoin and M2 peaked 12 weeks ago.

However…

That doesn’t mean Bitcoin HAS to top at the exact same date.

Bitcoin can continue going up in spite of M2 and it wouldn’t surprise me if it kept going up and topped some time in January, which is when most metrics suggest we will top anyway. (Short-term top.)

All other metrics are in confluence. We should expect higher prices.

But also, we could be entering this time of the cycle where we consolidate and have a 10-15% drawdown, that is NOT the top, before continuing higher.

Upgrade now to see what coins we are buying given there’s a high likelihood altseason is around the corner.

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