I want to share this idea, as it's quite possible. In 2021 it hit me as a sad realization that Bitcoin might not be in an exponential market anymore. I had this idea that perhaps bitcoin was leveling out into a commodity channel. Bitcoin is a commodity after all, so it sort of makes sense it would look more like the channels commodities with long term average supply and demand carry.
As we hit the upper limits of the channel I would be cautious about returning to support.
As we hit the upper limits of the channel I would be cautious about returning to support.