You keep talking about the setup in 2019 and comparing that to now, 2019 wasn't the start of the post halving bull market... apples and oranges my friend.
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You keep talking about the setup in 2019 and comparing that to now, 2019 wasn't the start of the post halving bull market... apples and oranges my friend.
It's all I have because in 2017 and 2013 absolutely nothing happened at this time of year. This is pretty uncharted territory.
No it's not. This is pretty much the same price action we had back in late 2016 and early 2017. Bitcoin broke the old all time high around $1k and then continued to push higher with pullbacks along the way.
Check it out:
Bitcoin was traveling on the doubling curve at that time.
It hit the curve in both January and March. First at $800 then $950
The curve is at $13k right now... so being x3 above it is quite different.
Most people point to the 2013 run, but even that started in April.
The doubling curve isn't a hard and fast rule, been proven so several times. I prefer to stick to the patterns created in previous bull market cycles than the doubling curve you are going with.