The Bitcoin supercycle theory emerged during the last bull run, when expectations were that the price was going to hit $100,000 back then. Naturally, the expectations died down when the bear market rolled around, but with the Bitcoin price now above $100,000 , supercycle beliefs are back in full swing. Analyst Weslad highlights this in a post, showing that the BTC price is actually far from its actual peak if the supercycle is still in play.

Why The Main Trend Indicator Is Important

The Bitcoin Main Trend Indicator is perhaps the most important indicator right now when it comes to telling where the price could be headed next. This indicator has its level set at around $40,000, giving Bitcoin a wide berth for what is possible when it comes to maintaining its bullish momentum .

Cont

See Full Page