Bulls make money. Bears make money. Pigs get filthy rich.

Bulls make money. Bears make money. Pigs get filthy rich.

Bitcoin

Structural Cycle

Bitcoin long-term weekly chart

Summary

Direction: Bearish — Late Stage

Expected Path: Bear Market → Cycle Low → New Bull Cycle

Confirmation: Cycle structure continues

Invalidation: Cycle structure breaks

Timeframe: Multi-year

What I’m Watching

~12-month bear / ~35-month bull cycles hold.
0.786 retracement remains the bottoming zone.
Next 35-month bull cycle converges with the Nasdaq and USD/JPY final advance.