There have already been several indicators and past patterns pointing towards $200k+ this year, and now we just got another one...

The bullish signs just keep rolling in...

From the stock to flow model put out by PlanB, to the previous post halving rallies, to several other patterns and indicators all pointing towards prices north of $200k by the end of this year, we have a plethora of data pointing toward wildly higher bitcoin prices this year.

And now, we just got another one...

Based on data published by Glassnode, we are in the midst of a HODL flip. We are seeing a transition from the majority of bitcoin holders being long term holders to now seeing the majority being short term holders.

While this might sound bearish at first, it's the exact same thing we saw back in 2017.

Check it out:

(Source: https://twitter.com/Negentropic_/status/1361049437427089412/photo/1)

As you can see, we saw this flip happen back in 2017 and now we are seeing it happen again right now as new buyers are buying supply from older holders.

What can we learn from this?

While bitcoin moving from strong hands to potentially weak hands may not sound like a good thing on first glance, it's the exact same process we saw back in 2017.

The chart above shows the cross we are seeing right now happened around July/August back in 2017.

From there it took another 4/5 months for the price to peak.

But here's the really neat thing about that...

At the time the cross occured, the price of bitcoin was roughly $3k per coin, which means it rallied another 6-7x before ultimately topping out in December!

If we extrapolate that same type of pattern this time around, here's what could happen...

With a price north of $45k at the time of the cross, we would see a price in the range of roughly $250k-330k!

Not only that but it would happen roughly 4/5 months from now, which points to a top around June/July for this cycle.

Add it all up and we would be looking at a price north of $250k and it would it happen by July of this year!

That may sound crazy to some, in fact it sounds crazy to me as well, but if the past were to repeat in similar fashion, those are the numbers we would be looking at based on this pattern.

Stay informed my friends.

-Doc

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