Bitcoin's Gentrification Cycle

Before the Consensus Catches Up

Bitcoin’s Gentrification Cycle

In today’s report, we provide a brief overview of Bitcoin’s technical situation, which needs an update as key levels are being breached or are about to be. That said, we’re holding our view based on monthly indicators, while staying mindful of the need for disciplined short-term risk management.

We’re also sharing a different kind of report, “Bitcoin’s Gentrification Cycle,” which explains why the lack of retail participation wasn’t a concern in the last cycle, and likely won’t be the driving force in the next one either. The piece walks through this transition: why other players matter more now, and why Bitcoin will trade on different drivers than in previous cycles. The neighborhood has simply changed.

Bitcoin - breakout/breakdown model