📊 4 reasons to be bullish

GM everyone. This is 2036, the crypto newsletter that pays you.

Here’s what we’re serving up today 🍲: crypto moves in cycles, and there are patterns we can use to guesstimate the future. Where are we right now - and what do the next 12 months look like?

Let’s dig in.

🥔 Today’s meat and potatoes

Get smarter on crypto in 2 minutes

Crypto works around something called the halving cycle.

The halving occurs every four years when the rewards distributed to bitcoin miners are cut in half. 

We talked about the halving in April. Every time, the markets go nuts. The media covers it. And the following years tend to look eerily similar…

1/ Bitcoin always bottoms 750 to 1,000 days after a halving.

It’s been 1123 days since the last one in May 2020. This means the bottom should be behind us, but…

Bitcoin always rises over a 150-day period before falling again for some time. After that, it’s up again 📈

That’s exactly what’s happening now. Bitcoin is down 10% from its high in April (second green box).

We can expect it to continue trading sideways for a bit longer - unless the Federal Reserve pauses/lowers rates which could push it higher again much faster…

2/ The last all-time high was 383 days ago.

Previous bottoms formed after 364 and 413 days. We’re somewhere in the middle of that.

3/ The market is making higher highs and higher lows.

The market is slowly climbing up. The highs are higher, and the falls aren’t as drastic.

This doesn’t mean it can’t crash lower, as it’s done in the past. But it means it’s structurally moving higher, even when it temporarily pulls back.

4/ All markets move in cycles, and here’s where we likely are in crypto…

Most people in crypto have gone quiet or left the space. But periods of anger and depression are for building projects and accumulating coins. And that’s what we’re doing.

Like our friend Warren Buffett puts it - be greedy when others are fearful.

Now - remember that charts are like astrology for nerds.

But looking at the past allows us a glimpse into what the future might look like.

If the patterns are real, the charts can offer useful insights.

But markets are a mystery. They’re mechanisms of self-fulfilling prophecies powered by greed and fear.

So use these charts with caution.

We’ll check in later to see how they held up.

And if you want the full breakdown with even more charts, here it is.

🍨 Dessert

Stories to read if you have FOMO

1/ This guy celebrating the 2013 bitcoin high of $111

2/ Here’s where you can watch Apple announce its AR/VR headset today

3/ Bitcoin is now more stable than Amazon and Meta shares

📝 Task

Earn BTC for a simple crypto task

Our next task will start this week and run for 48 hours.

So keep your eyes on your inbox 👀

🍸 What 2036ers know that others don’t…

So you can be the smartest cookie at your next cocktail party

The crypto Fear and Greed Index is at 53 today…

Here’s what that means.

🖼️ Crypto meme of the day

From across the world wide information superhighway