DecodeJar on Nostr: #Bitcoin is 12.5% lower than it was at the 73k local high back in March. Think about ...
#Bitcoin is 12.5% lower than it was at the 73k local high back in March. Think about that for a moment. 12.5% is NOTHING in this market.
If 73k was the cycle top, after nearly 7 months we would be down AT LEAST 50% by now, if not much more.
Consider that a Bitcoin bear market typically lasts about a year, and retraces ~80% of the move, the fact that we are ONLY down 12.5% after 7 months should be signal enough.
Just a very long, very boring and very frustrating sideways consolidation in a Bitcoin bull market that has a way to go.
If 73k was the cycle top, after nearly 7 months we would be down AT LEAST 50% by now, if not much more.
Consider that a Bitcoin bear market typically lasts about a year, and retraces ~80% of the move, the fact that we are ONLY down 12.5% after 7 months should be signal enough.
Just a very long, very boring and very frustrating sideways consolidation in a Bitcoin bull market that has a way to go.