Here’s Where We Are In The Bitcoin Bull Cycle According To The Wall Street Cheat Sheet

Name	Symbol	Market	Market Cap ($)	Algorithm
FLOKI	FLOKIUSD	Crypto	2,077,884,615	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

FLOKI

FLOKIUSD

Crypto

2,077,884,615

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.00	0.00%	0.000222	0.000223	0.000223

Price Change

Price Change %

Current Price

Bid Price

Offer

0.00

0.00%

0.000222

0.000223

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.000245	0.000217	0.000237		0.000027 - 0.000349

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.000245

0.000217

0.000237

0.000027 - 0.000349

Exchange	Last Trade	Size	Trade Price	Currency
CRTO	23:04:57	1,574,000.00	0.000222	USD

Exchange

Last Trade

Size

Trade Price

Currency

CRTO

23:04:57

1,574,000.00

0.000222

USD

Price x Volume	Volume	Base Symbol	Related Pairs
186,283.16	753,952,000.00	FLOKI	FLOKIEUR	FLOKIGBP	FLOKIBTC

Price x Volume

Volume

Base Symbol

Related Pairs

186,283.16

753,952,000.00

Here’s Where We Are In The Bitcoin Bull Cycle According To The Wall Street Cheat Sheet

07/10/2024 6:00pm

NEWSBTC

The Wall Street Cheat Sheet has been around for years now and is often passed around in finance circles, so Bitcoin has not been left out. The cheat sheet shows different stages of each market cycle, using sentiment to track where in the cycle a particular asset is. With the Bitcoin market seeming to be stuck in limbo, a crypto analyst has applied the information from the Wall Street Cheat Sheet in an effort to show where we are in the bull cycle. Bitcoin Cycle Moves Into Belief The different stages of the Wall Street Cheat Sheet represents different sentiment in the market and it could help to predict where the Bitcoin price is headed next. According to the crypto analyst Mags who has over 89,000 followers on X (formerly Twitter), the Bitcoin market has currently entered the ‘Belief’ stage. Related Reading: 72% Of ETHUSDT Traders On Binance Go Long – Is This The Buy Signal You Need? Belief is the stage that comes after Optimism, which the crypto analyst puts at around the time the Bitcoin price hit its $73,000 all-time high earlier in the year. The drawdown was expected, leading to this next stage, which is now Belief. What this means for the Bitcoin price is that there could be a continuation of the bull rally. This is because with Belief comes more confidence in the market, and as investors take more bets, the BTC price will rise as a result from here. Basically, the crypto analyst’s post suggests that the Bitcoin bull market is far from over. If the Wall Street Cheat Sheet is anything to go by, then the BTC bull run could only be in its beginning stages with a long way to go as Belief drives its price toward $90,000. BTC Price Could Touch $300,000 Using the Wall Street Cheat Sheet shows that Belief is far from the top of the Bitcoin bull cycle. If anything, it is the confirmation of the ongoing bull market. The next stage is the ‘Thrill’ where investors are making a lot of money from their trades. At this point, more money is flowing into the market to sustain the rally. Related Reading: ‘FLOKI Master Plan’: Crypto Analyst Predicts 2,000% Jump For The Shiba Inu Competitor The last stage of any Bitcoin bull cycle according to the Wall Street Cheat Sheet is the ‘Euphoria’ stage. This is when investor are completely on board with the Bitcoin bull market and is a time of peak bullish sentiment. At this stage, the analyst’s chart suggests that the BTC price could touch as high as $300,000. However, this stage often marks the top of the market and the euphoria will often not allow investors to realize that the run is over. Once this stage is completed, the Bitcoin price could turn really quickly and lose over 50% of its value as it has done in the past. Featured image created with Dall.E, chart from Tradingview.com

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