Why do I think the Bitcoin top is NOT in yet?
- Global M2 shows a massive pump ahead for BTC to follow.
- The backdrop/context is that CBBI.info has not shown a super overheated score for this cycle yet. Thus, I don't think the final top is in. If CBBI was showing 90+ or 95+ I would ignore Global M2 and start taking profits, because we know that M2 can and likely will deceive us near cycle tops (M2 can run up while BTC drops after topping).
The 9 bitcoin metrics of CBBI are NOT showing an overheated status.
The way I look at it: CBBI overrides M2. But M2 can remain legitimate until CBBI shows we're overheated. Until then, the top is likely not in.
Saying the same thing another way: Once CBBI attains a score over 90, it takes precedence in importance over M2 (because M2 can trick us after the true BTC top is in). Until then, let's continue riding the M2 wave up, because the BTC top is most likely *not* in yet.
Currently, BOTH M2 and CBBI show more room to run up.
