 | Looks like we're experiencing now a healthy correction with Bitcoin and entire crypto industry ahead of Bitcoin halving. I personally don't like Bitcoin price moving up so fast ahead of Bitcoin halving. And at the same time memecoins being pumped to crazy gains of 1,000x - giving masses entering now a false sense of nothing could go wrong. 10 days ago Coinbase app ranked as high as 44th in Apple App Store and things start to feel as local top will be reached within 2 weeks. One of the indicators "predicting" top of crypto bull cycle is when Coinbase app ranks in Top 10 in Apple App Store. I know now with Bitcoin Spot ETFs showing up, it does feel as this new cycle will be different but still - I'm watching this indicator closely to get a feel when crypto markets could enter an overheating mode. There is one more indicator - even better in predicting tops, but let's now have a discussion if you like this Coinbase app ranking as a "crypto top" predicting indicator first. [link] [comments] |
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