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BTCUSD - Levels - Re-Accumulation ?

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Hey there, it's been a while since I last posted something on Bitcoin, so let me share with you how I see the current situation.

It's been a wild ride for the last year, bitcoin has come a long way since the lows of March 12th 2020, and no-one would be to blame to think that the cycle top is in and that we are going lower from here. After all, we did not test the 20K level after breaking through it and BTC has been on a tear ever since.

However, my personal (and not financial advice) opinion is that we're only one third of the way to our cycle top (if we can still call it that way).

Let me give you a few reasons why I think this is the case :

Every dip larger than 10% has been bought up, reason why if you zoom out to larger timeframes like the weekly, you hardly see any hesitation in the run up.
Every single day, there is news of new institutions, banks or companies getting involved in crypto and more particularly in Bitcoin in one way or the other.
Bitcoin keeps flowing out of exchanges to either DeFi (wrapped BTC) or to wallets
Miners are selling less and less of their rewards and start holding on to their BTC
...

These are just facts, things everyone can verify. I don't even want to mention things like (local) governments getting involved in BTC mining or starting to put it on their balance sheets.

So why is BTC not shooting up right now you might ask?
Well, all these actors I mentioned above might be very eager to get involved with BTC, they are not that dumb to buy BTC on the open market and push prices up. For now, most of them have been able to buy OTC, from early adopters and from whales who got involved early and are ready to take some profits. They have been providing some of the supply to absorb the demand. But they too are starting to either run out of BTC or want to keep on to whatever they have left in their stack.

So the supply shock is about to become very real, and they are counting on you, the average joe to sell your BTC to them. They try to create doubt, even sell off a bit of their BTC to dump the price and incentivize you to sell, while they are accumulating.

My take on it: act like they do, buy the dips, diamond hands, all those memes ... do not sell, stack sats, because bitcoin is not done yet ... We've only just begun.

I try KISS (Keep It Simple, Stupid) my charts and have drawn some levels around which buy levels are lurking. That is where the "big boys" are accumulating ... If you sell into them, the likelyhood that you'll pay more for your BTC later is high ...

Peace out ✌🏽

What do you think aboout BTC and where we are going? Share your views in the comments and leave a like if you appreciate my analysis.

註釋

Since it might not have been very clear where the Re-Accumulation Zone actually was, I have provided some more information in this screenshot ...