It may not feel like it yet, but bitcoin looks ready for a nice bull market

We have an improving macro backdrop and that may be enough for investors to start piling in bitcoin now to get ahead of it.

We have interest rates likely peaking, we have a banking sector on life support, and we have a Chinese economy opening back up.

We still have regulatory headwinds, but they will impact bitcoin a lot less than they will impact crypto.

All that being said, things look setup to start running again:

(Source: https://twitter.com/TheMoonCarl/status/1636321239470948360/photo/1)

We had a similar setup in 2019 and through 2020.

We are exactly 4 years from that today and looking eerily similar.

If history repeats we are going to have a very good summer for bitcoin before cooling off in the fall and into next year before being revived again in late 2020.

Will history repeat again?