MarkHarvey on Nostr: Comparing major #Bitcoin cycles: All time high, to bottom, back to the all time high. ...
Comparing major #Bitcoin cycles: All time high, to bottom, back to the all time high.
This cycle, Bitcoin experienced its most mild drawdown ever (-77%), despite the Fed rapidly increasing interest rates from ~0% to 5.25%, major crypto exchanges blowing up, and a regulatory crackdown on crypto.
It has been 603 days since $BTC has seen an all time high, and there is only about 297 days left until the supply halving.
This cycle, Bitcoin experienced its most mild drawdown ever (-77%), despite the Fed rapidly increasing interest rates from ~0% to 5.25%, major crypto exchanges blowing up, and a regulatory crackdown on crypto.
It has been 603 days since $BTC has seen an all time high, and there is only about 297 days left until the supply halving.