Recent BTC Action is a Bounce off Inflation-Adjusted 2018 Top

Using the SPX as an inflation deflator yields this chart showing the recent action for Bitcoin as a bounce off a lowest lower low which coincides exactly with the last cycle top in 2018. It also shows a clear top this cycle in April and the subsequent top in non-adjusted terms as a normal bear market rebound.
Bitcoin (Cryptocurrency)BTCBTCUSDBTCUSDTChart Patternscryptoinflation

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