In this analysis we're going to take a closer look at the three previous Bitcoin bull-markets, and compare them to the current one. To clarify, I calculated that a "bull-market" starts at the bear-market lows and ends at the bull-market highs.
As seen on the chart, the 2011 bull-market was an outlier. There was very little volume, which resulted is massive changes in price in a relative short amount of time.
The 2014 and 2018 runs look fairly similar. Both were very choppy for the first year, but ended up following a similar bullish path.
The white line, which is the current market, has followed a path in between 2014 and 2018, until we got the most recent BTC break out. In some sense, this makes 2022 an outlier.
Like I mentioned in my previous comparison analysis, Bitcoin and crypto are going to be fine. We're well on track towards the halving and the following bull-market.
Which market path do you think we will follow? Straight up like 2011, or a more gradual approach like last year? Share your thoughts 🙏
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.