Bitcoin

💰4 Apr 2024 - $BTC at $66,165

❓Has the price of #Bitcoin topped for this cycle?

🙋My view: NO 🚫

🧵Here are the results of the 3 indicators I use to come to that conclusion:

1. Bitcoin MVRV Z-Score

Result: Z-Score (yellow line) at 2.40 is still much lower than the overheated red zone (7-9)

Airdrops | Alpha | Farming

Avoiding the mid curve & Shilling my bags

2. Bitcoin Pi Cycle Top Indicator

Result: 111DMA has not crossed the 350DMA*2

3. Coinbase App & Coinbase Wallet US App Store Rankings

Result: Neither app is in the top 10 in the US, #Coinbase App's ranking has been on a downtrend since 5 Mar 2024

For a more detailed explanation on what the indicators are and how you can use them, refer to my blog post below at https://medium.com/@therugpush/

Otherwise, give this thread a like & repost if it has helped you and I'll continue to give regular updates on the indicators