As you can see in the chart above, BFV breakouts to new ATHs are significant moments.
The last time we had a BFV breakout was back in November 2020 when Bitcoin price was at $14,000. It was just 174 days and 3 BFV Caution signals later that Bitcoin had set a new ATH of $64,895.
That 464% price increase was the first leg of the Bitcoin bull cycle.
The next leg of the Bitcoin bull cycle is imminent…
We expect Bitcoin to rally up to $100,000 in this first quarter of 2022.
After a few caution signals and characteristic volatile price pullbacks, we expect Bitcoin to be able to reach $200,000+ per coin at cycle peak.
The reason this is happening is because of the Institutionalization of the Bitcoin mining network. Public Miners have raised BILLIONS and bought record numbers of mining units.
My 2 Sats subscribers understand:
Increased Network Hashrate = Increased Mining Difficulty = Increased Cost of Production per Bitcoin = Positive Price Pressure.
If you missed out on the first BFV breakout and bull leg of Bitcoin’s cycle, there is no reason to miss out on Bitcoin’s second bull leg.