Circle ipo is looking pretty good I used to buy bitcoin from Circle a long time ago, they accepted credit cards which was great, then they stopped, I think it got bought by Goldman Sachs
I'm anxious and bullish bitcoin for the next 1-3 months, m2 lag, gold lag, but this summer period is usually bearish, I have ptsd from last year... imho, a new ath towards end of this month, June 2025 will be very good
The monthly candle is currently green. The whole TA structure of btcusd is currently VERY BULLISH, no matter what our EW ex-spurt XYZextrader says to the contrary.
I agree as well... anxious. As CTO said in some video title for one of their podcasts, it so far is a failed breakout. It could even be a double top like 2021. If I look very simply at the patterns for a successful breakout from previous highs, I identify this. The green circles show a successful BO, and the red ones, not so much. So is this last circle successful or not? So far, it doesn't look good because the previous ones broke cleanly and just kept going. This one is losing steam, just like the red ones. On the daily, we also have 2 lower highs, and also lower lows. Of course this structure could break at any time, but so far there is reason to worry. Plus, too much bitcoin has been bought by the so called big players, and yet, we are nowhere close to seeing a supply squeeze.
2 things I noticed about the chart: 1) Volume now is extremely low compared to the 2017 run up. 2) From the lows in Dec 2018 until right before the Covid crisis, the QQQ was up like 60% but BTC only came back like half way from the December 2017 highs.
bitcoin follows a 4-year pattern green green green red imo, 2021 was an anomaly, cut short by bitcoin forced liquidations 2013, 2017 2021 and 2025 are the blowoff tops, this year may be different and the cycle may break The most exciting six months in the bitcoin 4-year cycle started a few days ago Blackrock's simple chart presentation on this 4-year bitcoin cycle below
If Square hadn't changed its name to Block, it could do a merger with Circle, at some future point and ... Square the Circle.