BITCOIN What if We Totally Missed What's Happening?
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Hi everyone, I've seen many comparisons looking at this bear market with that of 2014, or the one of 2011, however I don't believe that the pattern will repeat close enough to resemble any previous bear market, and maybe that is because it's possible we're more in a correction on the way to our 50,000% gain off the $164 bottom.
One of the things that has bothered me is that we didn't get the same kind of gain that we did in the two previous bull markets. We didn't get the blow off top to the top of this curved upward channel. We know the markets are taking longer, and some might say that we dropped to much to consider this just a pullback, but it's possible that the drop to near 3k was a self-fullfilling prophecy since so many people thought we were in the bear market and thought it would drop there.
It seems crazy, but Bitcoin has done this twice in the past, a massive rally to the top of the channel and then a bear market. This theory would put us near 96,000 and then we would enter another bear market, maybe around two years long that would take us back down to 20k.
Give me a like if you appreciate this unique view on the market.
Note: I am not saying this WILL happen, only that it is certainly possible given past performance and I wanted to offer another view of what could be happening.
Thanks!
One of the things that has bothered me is that we didn't get the same kind of gain that we did in the two previous bull markets. We didn't get the blow off top to the top of this curved upward channel. We know the markets are taking longer, and some might say that we dropped to much to consider this just a pullback, but it's possible that the drop to near 3k was a self-fullfilling prophecy since so many people thought we were in the bear market and thought it would drop there.
It seems crazy, but Bitcoin has done this twice in the past, a massive rally to the top of the channel and then a bear market. This theory would put us near 96,000 and then we would enter another bear market, maybe around two years long that would take us back down to 20k.
Give me a like if you appreciate this unique view on the market.
Note: I am not saying this WILL happen, only that it is certainly possible given past performance and I wanted to offer another view of what could be happening.
Thanks!
Note
I figured I wasn’t the only one to notice this, found a YouTube video that explains what might be happening pretty well youtu.be/PiOGfiJFWHI
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