If we can reclaim $88,000 again and hold over on a 4 hour closure you would have a safer long opp, or wait for lower. I am out of my long yesterday as we hit my $88,000 target from $85,500. Nice weekend scalp if anyone took it.
The Bitcoin accumulating is almost over and a real bullish rally is about to begin.
The $BTC sSOPR indicator has been forming a near-two-year convergence since 2024.
And as expected, a rebound is beginning at the lower line of the convergence.
There hasn't been a true bullish rally for $BTC in this cycle. The bullish rally is being delayed by the launch of ETFs and the accumulation of new whales.
And the end of that accumulation is nearing.
This wave is likely to break through the convergence and rise to the red line, the top of the cycle.
The cool thing about the 2025 was bearmarket theory is this:
All the major sentiment indicators Fear & Greed, RSI, volatility compression, funding rates are starting to overlap perfectly with how they looked at the end of the last bear market. #btcGold #Bullmorning