Disclaimer:Your capital is at risk. This is not investment advice.
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This issue covers Sui (SUI), Curve Finance (CRV), and Ethereum (ETH).
ByteFolio Issue 155;
In a stunning turn of events, the price of Bitcoin has broken higher, and the ByteTrend score is back to a 5. The bull has returned.
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Bitcoin ByteTrend Score 5 of 5
Source: Bloomberg
Even better is that the Bitcoin Futures have broken above 5. That means one Bitcoin is worth five units of Nasdaq. This is an all-time high, and I believe it will kick off the decoupling trade.
It should be noted that MSTR鈥檚 risk relates to the premium or mNAV, and not the credit risk. The latter would only kick in if the price of Bitcoin truly collapsed from here.
Bitcoin鈥檚 ByteTrend Score drops to 0., which means the trend is now bearish. The $100k level has been broken, and a bear market fits the four-year cycle thesis.