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In this video, I discuss the pi cycle chart top indicator, and whether Bitcoin is about to enter a deep bear market.
I do not expect the pi cycle indicator to work this time around. It will be overwhelmed by the buying of Bitcoin by institutional investors, like hedge funds, corporations, pension funds, endowments, and probably even sovereign wealth funds and central banks.
Not investment advice! Consult a financial advisor.
Pi cycle top indicator:
Has Walmart been buying Bitcoin?
Walmart is stacking #bitcoin. You heard it here first.
— Vik Sharma 🇺🇸 (@vikrantnyc) April 4, 2021
Spurious correlation is always a concern for statistical models, but good out-of-sample performance eases this concern. pic.twitter.com/8WBb54KCLA
— PlanB (@100trillionUSD) April 9, 2021
Bitcoin $288,000 price target:
Hodler net position change does not indicate a top:
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