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Timothy Peterson

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Downtober. Bitcoin has the worst October since 2014. Despite two consecutive down Octobers, October is still the best performing month since 2016. https://t.co/gnZkMsBu19

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The sole purpose of Bitcoin is to allow money to transact outside the conventional banking system, neither favoring nor disfavoring any political cause or position, and thereby avoid censorship arising from subjective determination.

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Every one of these familiar looking dips is a huge buy signal. $25k -> $46k = 84% one year later $33k -> $64k = 94% one year later Stands to reason that $85k -> $153k = 80%+ one year later, October 2027. Bitcoin https://t.co/d5LaSgsIU4

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This time *is* different. The U.S. Leading Economic Index (LEI) comprises ten indicators including manufacturing hours, unemployment , new orders, consumer goods, building permits, stocks, credit conditions, interest-rate spread, and consumer expectations. The LEI is treading water. For over 50 years, it bounced back from the bottom, signaling a new boom from an old bust. But now it struggles. The Bitcoin Investment Handbook shows how to read this signal (p 649-650).

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Based on two weeks of October price behavior, a new ATH in 90 days may not happen. This was predicated on Bitcoin reaching $88k, or -30% from its ATH. I thought this was reasonably possible in October or at least by November. But looking at historical data, there is a clear channel in the 3rd week of October that delineates Bitcoin's 4Q trajectory-for the entire period. Bitcoin appears easily headed for the bearish track. Maybe this time is different, but it would break 15 years of history.