Let's talk about the long-term prospects of
#BTC in the context of market cycles
The year 2023, as the first year of a four-year cycle, closely resembles 2016. There were two significant dips, during which Bitcoin provided an opportunity
to earn at least 50% in mid-term.If 2024, as the second year of the cycle, replicates the patterns of 2017, we can expect at least
2 more significant dips in #BTC that should be used for buying.
I've marked these situations on the RSI chart, which is quite convenient for monitoring overbought/oversold state. Historically, RSI has provided reliable signals for buying on a higher timeframes
(daily, weekly).
To reiterate: FOMOing at highs is always a bad idea, as you become the exit liquidity for those who bought earlier. Play it smart and practice patience - it will undoubtedly bear fruit.
https://t.me/Bitcoin_Crypto_Signals
