#forecast 045 : Pretty pictures in the waiting room

Dear subscribers,

Welcome to The Bitcoin Forecast #45.

I’ve been waiting for structural changes to take hold before writing again, it’s now 2 weeks since my last letter so an interim update is due, despite not a lot happening on-chain.

Top level summary for 16th Jan 2022 (current price $43.0k):

• Macro structure: Long term holders continue to have most of the…