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DecodeJar
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2023-07-16 01:33:52

DecodeJar on Nostr: Common assumption is because technicals look simlar to July 2020, #crypto is about to ...

Common assumption is because technicals look simlar to July 2020, #crypto is about to explode higher.

Parabolic moves take longer than they sound tho. Even the 2019 parabola took more than 6 months.

$6 Trillion Total Market Cap, Q1/Q2 2024? #bitcoin

There are certainly similarities but July 2020 looks significantly steeper and stronger to me, so whilst I think this is a possible scenario, the market still needs to prove itself.

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npub16rjhy35fg7dp2gnpydkxqjvjyan07rw9f2m88mhjlsnmjtkma9fqn0h4ae