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:
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.