Market Insight

Crypto Bull Market Accelerates, the Grand Journey of the Second Cosmic Velocity Has Just Begun

4 minute read
February 24, 2024
Crypto Bull Market Accelerates, the Grand Journey of the Second Cosmic Velocity Has Just Begun
#bull market#bitcoin#market cycle#ETF

The last chance you've been waiting for is gone. From now on, every day will be your last chance to get on board.

Allow me to address to all of humanity once again in the tone of "The Wandering Earth", to announce the grand plan for the next bull market phase in the cryptocurrency market:

The first phase went through a severe shakeout at the end of 2022, completing the accumulation turnover throughout 2023, establishing the average holding cost of accumulations in the short and long term at the $30,000 line, forming the gravitational center of this cycle at $30,000.

In the second phase, boosted by ETF expectations, the price of BTC breaks above $30,000, leaving the main holding cost range, accelerating away from the gravitational pull at the first cosmic velocity, to kickstart the bull market.

In the third phase, as expectations for ETFs are met, the price of BTC breaks the long-term ascending channel formed from November 2022 to January 24, 2024, accelerating to the second cosmic velocity, surpassing the $48,000 line, and announcing the start of the main wave, beginning to escape the gravitational pull; we are currently at the second cosmic velocity.

In the fourth stage, BTC will surpasses $100,000, accelerating to the end of the main wave, entering the third cosmic velocity, thereby triggering a collective frenzy, completely escaping the gravitational pull, and entering the solar system.

This plan has spanned 15 years since 2009, "four generations" in total. Although we do not know what the solar system will bring to the cryptocurrency market, from today onwards, the courage and perseverance of generations of crypto people will forever be etched in the stars.

Regarding the future market trend, I believe there is no need for further discussion. February 24, 2024, in terms of historical significance, is approximately equivalent to November 8, 2020, and May 2017, all of which are the start dates of entering the second cosmic velocity. From the chart marked with blue circles, it can be seen.

From November 2015 to May 2017, entering the main wave through breaking the long-term ascending channel; from February 2019 to November 2020, entering the main wave through breaking a converging triangle; this round from December 2022 to February 2024, similarly enters the acceleration wave through breaking the long-term ascending channel.

Looking at the trends of past cycles, as long as the nearly one-and-a-half-year-long accumulation phase is over, as soon as BTC's trajectory breaks through the acceleration pattern and enters the second cosmic velocity, there will be an unstoppable momentum before breaking the historical high. This is also the core reason why BTC was able to directly target the $67,000 historical high after breaking the $48,000 line around the Spring Festival.

For the trend of this cycle, there is no need for any further data-level analysis. The net inflow of ETFs has already formed a trend, how much exactly is no longer important. Many people panic about high loan interest rates and future funding rates, whether there are any crashes or flash crashes during the process, these are not important; whether the macro environment cuts interest rates or not, I have been saying for two years, it is completely unimportant.

As a strongly reflexive market, the trend has already formed, and the cycle will strengthen itself, we need not worry or doubt, any concerns about pullbacks or flash crashes are unnecessary worries.

The market has just started the acceleration wave, about to break the historical high, the grand journey of the second cosmic velocity has just begun, we can make some reasonable deductions:

BTC Dominance has peaked; the ETH/BTC rate is about to reverse and break through: altcoin season is coming, a massive rotation of themes is about to start. Let's witness together the madness after $100,000, the third cosmic velocity.

After a long time, doubts about the cryptocurrency market continue to grow, I refuse to fullfill their expectations. The trend of the industry will swept through every piece of land, until all doubts are eradicated from this world.