Simply put, the Weekly Ichimoku Cloud says that a break of the cloud top point at $52,800 marks the run to #Bitcoin ATHs and the cycle top.
A break of this point now would be almost an entire year earlier than usual, as most occur during the transition from Blue Year (Preparation) to Red Year (New ATHs).
The top of the cloud has twice marked the mid-top, a point of steep rejection and a long sideways period.
Many argue that ETFs have created an entirely new landscape, so I look forward to seeing the continued price action to prove that!
Otherwise, there are still about 8 months to go (November 28th, 2024) before regular cycle timing says we should see new highs.
Follow for more updates!!!!
