1/5 Weekly #Bitcoin Price Temperature & BPT Bands update

The #Bitcoin price dipped to <$30k this week. Has the price 🌡️ cooled off enough to prepare a next rally, or do we need more dips or sideways action? 👀

🧵 with all charts; including the M2 inflation corrected versions 👇
2/5 After finding resistance at the BPT6 Band on both versions, #Bitcoin 's regular price 🌡️ has cooled off to 4.4, with the M2 inflation corrected version cooling off to 3.91

In 2017, the price 🌡️ dipped a bit further during its pull-backs after reaching BPT6 - but not much 👀
3/5 In comparison to the same post-halving day in halving cycles 1 ('12-'16) & 2 ('16-'20), the current 🌡️ is more heated than in those, although cycle 1 had already cooled off after reaching BPT>12 levels 😅

This cycle is more similar to the last, but got heated much faster 🔥
4/5 Current BPT Band values per version:

Regular:
- BPT0: $8,067 (+0.27%/d)
- BPT2: $19,033 (+0.47%/d)
- BPT6: $40,865 (+0.54%/d)
- BPT8: $51,931 (+0.56%/d)

M2 corrected:
- BPT0: $9,888 (+0.21%/d)
- BPT2: $21,314 (+0.34%/d)
- BPT6: $44,168 (+0.40%/d)
- BPT8: $55,595 (+0.41%/d)
5/5 To close off this 🧵, the visualization that combines all the information in the previous charts; the #Bitcoin Price Temperature (BPT) Bands per halving cycle 🥰
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