Dip or Doom?

With the Bitcoin price trading down into the low $50ks, the bears are out in force. I provide a snapshot of how I am thinking about this sell-off, plus an early Rough Consensus podcast release.

G’day Folks,

The timeline is bearish, the reply guys are calling for $30k, and sentiment is as bearish as it has been since the FTX bottom. It must be completely and totally over…

Today I have something really special for you, and that is I am bringing in the biggest of guns to explore what on earth is going on right now.

For our video update today, paid subscribers will get an early release of the next Rough Consensus podcast with my market mentor Doc Severson. Doc is a trader with two decades of experience, and is by far the most influential person in my market analysis career.

In the video post today, Doc and I discuss the current market cycle, how it compares to the previous cycles, and break out the charts for some live analysis of what we expect over the coming weeks/months.

I will follow up with my own snapshot written update assessing whether we have enough blood in the streets…or if there is more to go.

I think you’re really going to enjoy this podcast rip folks.

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📈 Reminder: you can find the charts from our articles on the Checkonchain Charting Website, and a guide in our Charts Tutorial Video.

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Premium Members will find the TL:DR summary, early release podcast and the rest of the written post below. Consider upgrading to premium today to unlock the rest of the content!