Long-term holders are increasingly showing signs of stronger buying activity, indicating that there's a growing conviction in the market. This surge in buying pressure suggests that the market may be in the early stages of a major move. If this trend continues, it's likely that we will see a buildup that could take anywhere from 5 to 9 months before the market reaches its ultimate peak. Such a timeline reflects the typical market cycle, where extended periods of accumulation by long-term holders often precede a significant market top. This phase could be marked by an increase in investor confidence and a tightening of available supply, which will eventually push prices to new highs. If these trends continue in this direction, itβs not unreasonable to expect that the market could hit its peak much sooner than anticipated, with the possibility of seeing major resistance levels within the coming months. This could present an opportunity for those in the market to anticipate the right entry and exit points based on how the current patterns evolve. [link] [comments] |
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