Below is an image that shows Bitcoin since 2010 to illustrate the three major runs (and corrections)… aka the 3 major Bitcoin market cycles.
As you can see each one looks essentially the same.
During the first cycle people probably really thought Bitcoin was over when it began to crash.
During the next cycle people who were new thought it was going to be over forever and people who had been in the game probably were looking for the bottom but thinking it was over too.
Now we are in a bear part of the current cycle, don’t know what will happen next, but the old timers are probably still worried, the old old timers still worried, and newcomers worried too.
I mean, yeah, let’s look for the bottom, but I think we are all kind of worried Bitcoin is actually dead this time.
I mean, the chart, like the chart points at $150 – $1,200. Just like that last one was screaming $4, and just like the one before screaming $0.04 cents.
But like, that fractal though. Thing is, for all that fear, worry, and doubt what we kind of seem to end up with is this crazy uptrend that somehow shrugs off 80%+ retracements to make for a face-melting decade.
Crazy stuff. Chart says everything.
NOTE: If it isn’t obvious, the image below shows each Bitcoin market cycle since 2010. So it shows the previous low to the high to the next low. I only left out a little sideways action in-between.
NOTE: Each cycle is taking longer and longer to play out.
NOTE: I can’t see the future, could actually be dead this time.
"Major Bitcoin Runs Since 2010" contains information about the following Cryptocurrencies: