Do You See What I See? 👀

Bitcoin's monthly chart looks incredibly bullish as we start 2025 and this year will bring the blowoff top.

Jan 02, 2025

Hey Thinkers 💡

Happy New Year! I anticipate 2025 to be an incredibly bullish year for the crypto market, marking the final phase of the bull market that began in January 2023. This year could see a "blowoff top" for both Bitcoin and Altcoins, as multiple indicators point to an impending peak.

The Bitcoin Yearly Candles Chart

The yearly candles for Bitcoin support the narrative of a blowoff top in 2025, showcasing a strong upward trajectory.

What Will Bitcoin Do Next?

The monthly Bitcoin chart presents a promising setup for continued upward momentum. Notably, the RSI (Relative Strength Index) has not yet reached the levels observed during the final phases of previous bull markets, suggesting more room for growth.

Is the Bitcoin Top In?

Several key signals and indicators suggest that Bitcoin's top is not yet in. Here's a breakdown:

Whale Accumulation:
- Bitcoin whales (wallets holding 10 or more BTC) continue to accumulate. Historically, whales begin selling during local and blowoff tops. While there was a local top in March-April 2024, which saw whale selling, accumulation has resumed since then.
Supply on Exchanges:
- Bitcoin's supply on exchanges continues to decline, indicating reduced sell pressure. This trend aligns with bullish market conditions.
PI Cycle Top Indicator:
- The Bitcoin PI Cycle Top Indicator has not yet flashed, a key signal often observed near market tops.

Tips for Taking Profits in 2025

Stay Prepared:
- Ensure your exchange accounts are updated with KYC and other verification requirements to avoid delays when cashing out. I personally have accounts setup on all the top exchanges in the event one exchange has issues.
Have a Cashout Plan:
- Set specific price points for taking profits and execute in phases to mitigate risks associated with market volatility. Remember, no one can call the exact top of the market.
Plan for Taxes:
- Allocate funds to cover capital gains taxes for 2026, ensuring that you’re prepared for tax obligations on your 2025 profits.

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