A refresher for where we might be heading...

Hello there!

I wanted to give you some context on where things may be going with crypto so you can make your investment decisions accordingly.

Below are a couple charts that show the current post-halving trajectory compared with previous post halving bull markets:

As you can see, bitcoin is more or less right between the previous two post halving rallies.

If that continues, bitcoin will head to somewhere between about $200k and $400k by the time it peaks during this cycle.

Another thing to keep an eye on is the supply of BTC on Exchanges.

The supply on Exchanges has been going down for over a year now, even though there are 900 new bitcoin created every single day.

Pretty remarkable demand when you think about it.

Check it out:

This is due to corporations and institutions getting involved and buying bitcoin off of Exchanges and moving it to cold storage (self hosted wallets).

The neat thing about this is that we saw something similar in the 2017 bull market, and BTC ended up running for another 12 months after the supply on Exchanges eventually stopped going down...

Considering the supply on Exchanges is still dropping currently, it adds credence to the idea that we are nowhere near the highs currently.

Will history repeat?

No idea, but it's been 3 for 3 so far and history does have a tendency to rhyme.

What does this mean for altcoins?

The tendency is for bitcoin to move first and pull in a ton of new outside money, and that money eventually trickles out into the altcoins. First the blue chip altcoins (things like ETH, LTC, BNB etc), then the mid cap and eventually the small cap coins.

Given the above I am expecting we see a peak end of this year for the current cycle and I will be taking profits then.

Good luck and happy trading!