Bull Season Is 2024 or 2025?
Relax😁. Let me explain first…
In this letter, I will use Bitcoin as a case study, because according to Bitcoin maximalists, it is the only true crypto in the world.
Lol.
That is a topic for another day.
There is no Bull Season except there is a rise in the value of Bitcoin by at least 5x
It leads the season, right?
If you agree, then it makes sense to use Bitcoin in our analysis.
We all agreed that the USA is still the biggest economy in the world.
We agreed that over 70 percent of Bitcoin trades are against USD stablecoins like DAI, USDT, BUSD, USDC, and so on.
If that is the case, we need to pay good attention to whatever happens to the dollar.
Also, the best tool that we can use to have an idea of dollar strength and predict its next movement is DXY.
It is called the Dollar Index, you know?
To have a clearer picture, you need to analyze it with a higher timeframe like 1 week. Using 1D or anything lower will not give accurate results.
Historically, there are Bull Seasons when the dollar becomes weak in the international market.
We had a dollar weakness in 2017 leading to the 2017/2018 bull season… Check the chart if you are in doubt.
We had another weakness in 2020 leading to the 2020/2021 bull season
Therefore, we need another weakness in 2024/2025 before we can have another powerful Bull Season that will help you become a crypto Millionaire.
Also, what we are seeing on the CPI chart is giving us good vibes already, as long as there is a decline in CPI and US Inflation, money will flow to the crypto market and everyone will smile again. Your $2k will become $20k and more.
The Good News:)👇🏾
There is exhaustion on the DXY chart, which indicates that the dollar may become weak in the next couple of months from now.
My question is; are you truly ready for next bull season or I should mind my business😄
If you were in the last CryptoNiche Hangout on our Telegram channel, you would appreciate the analysis better.
I did it live before everyone and the replay is now available on the CryptoNiche YouTube Channel.
Watch the Replay
There will be another Bull Season by the end of 2024, but this may be the last bull season when Bitcoin will experience its last 5x or 10x price movement
Bitcoin will be fully matured by 2026 once its market cap gets to $5trn, and its price action will resemble Gold and Silver price actions. I will explain more about this in subsequent letters.
Till I write you again, I wish you a great weekday.
I am sending you love from Lagos, Nigeria❤️
Ojeniyi Ayobami Abimbola is your guy who teaches crypto in simple Nigerian English language.
PS: I want to remind you of Trade2Earn Bootcamp 4.0 because there are only 4 slots available out of 32 slots. Registration is still ongoing, once all slots are gone, you have to wait till 2024 if you want to join the next Trade2Earn Bootcamp, and registration will be 55k Naira by that time. Currently, it is 34,860 Naira. Reply to this letter if you like to join the moving train that will be under my guidance and mentorship. We shall start the Bootcamp on the 5th of November 2023.
About the Author
Ojeniyi Ayobami Abimbola has been trading cryptocurrency since 2015, and he is a blockchain content creator and a crypto coach at Cryptoniche. You can connect with him at: https://t.me/cryptoniche_hangouts
Connect with him on Twitter: https://mobile.twitter.com/ojeniyi_ayobami
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