The re-accumulation is almost complete in bitcoin, once this is complete, bitcoin is going to absolutely fly

There have been a ton of indicators and patterns pointing to bitcoin going much higher over the coming months, but none of them may hold more weight than this one.

The supply on exchanges has been decimated over the last several months and that is the same thing we saw back in late 2016 and early 2017 as bitcoin was starting its bull market.

In the last 10 months there has been roughly a 20% drop (19% drop specifically) in the number of bitcoin held on exchanges.

Back in late 2016 there was an 11% drop in the number of bitcoin held on exchanges over roughly a 5 month stretch.

That means the current re-accumulation stage is almost 2x deeper and almost 2x longer than the one that sent prices soaring back in late 2016 and early 2017.

Check it out:

(Source: https://twitter.com/woonomic/status/1333826694109569025/photo/1)

So, what happens from here?

The last re-accumulation phase sent prices more then 10x from where they were when it completed.

A similar type move right now would send prices to at least $180k or so.

However, as I mentioned above, this re-accumulation phase is deeper and longer which may mean the resulting explosion is even greater than the previous one.

Doubling the resulting move would point to prices peaking around $360k or so.

I'm not calling for either of those numbers but the fact that we saw this same setup at the start of the last bull market and we are seeing it again right now, leads me to believe we are going to explode higher out of this one as well.

The law of large numbers starts to come into play at some point as it will take a lot of money coming in to move prices to these very large numbers.

Which may or may not be a problem, depending...

This is where reflexivity comes in!

The amount of money needed to push prices to these very high levels might be a problem, unless...

The reflexivity in bitcoin keeps increasing.

Which is exactly what you want to see as a bull.

The amount of money coming into the market is moving the market cap more than it has during both of the previous bull markets.

Check it out:

(Source: https://twitter.com/woonomic/status/1333826700174475264/photo/1)

Back in 2013, every dollar invested added about $2.00 in market cap during the bull run, and every dollar added about $2.50 in 2017, and now in 2021 every dollar is adding about $3.50 or more in market cap.

Long story short, it takes less money to move the market cap higher.

Reflexivity in bitcoin markets is increasing, which is exactly we want to see.

Stay informed my friends.

-Doc