Extreme Similarity of Stock market since 1987 to the current BTC
As you can see, DOW Jones industrial average price action compared with BTC behaviour in this cycle.
Of course, this is one of the many possibilities and market sentiment is very different I am looking at 20 years of price action with 2-3 years, but If I remember correct Bob Lukas ( 4-year cycle of BTC)
youtu.be/r5gn7h4vrq8 (here is one of his videos)
, was in the belief that the top of this cycle would be close to the next cycle and then the bear market would be long.
As you can see here, after this phase market was up, up to this point, gradually and steadily.
Can we say BTC would not have any major correction and rise until the next halving? I strongly believe there are many other great cryptos out there that would perform better but if this pattern follows then we can say what we are expecting as the bear market should be revised.
Of course, this is one of the many possibilities and market sentiment is very different I am looking at 20 years of price action with 2-3 years, but If I remember correct Bob Lukas ( 4-year cycle of BTC)
youtu.be/r5gn7h4vrq8 (here is one of his videos)
, was in the belief that the top of this cycle would be close to the next cycle and then the bear market would be long.
As you can see here, after this phase market was up, up to this point, gradually and steadily.
Can we say BTC would not have any major correction and rise until the next halving? I strongly believe there are many other great cryptos out there that would perform better but if this pattern follows then we can say what we are expecting as the bear market should be revised.
Mehran
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