two things that makes this interesting... is this shows bitcoin making a major top in march 2024... and making the final top in november 2024.
everyone expects a crash in march 2024 because of it being the march before the next u.s. election and the fact that bitcoin often follows a 4 year cycle. i believe that's wrong. i believe that the final crash may be coming... in about two months.
Quoting: Mr Cheese march 2024 is when the coin halving will probably happen,
cutting miner income in half. 330k annual coins to 165k.
if whales get the price into $30k - $60k, it puts miners
into positive cashflow until goes negative again by halving
the income. and bitcoin should be sucking about $200
terawatts by then.
like i said, bitcoin dies in its current state, it's
guaranteed at this point. energy use is exponential
while income halves at regular intervals. dead. just
a matter of time.
