An admittedly quite optimistic bullish scenario. I think we are right on track for the formation of another bubble a la April 2013 and November 2013.
Notice how similar the runup from the low this year, has been to the July low last year.
Then compare the astounding similarities in the RSI. Other people have pointed out other similarities between the three bubbles.
Because the last bubble took longer to "deflate" compared with the one from April 2013, this bubble cycle will probably take longer to build up, hence we're a bit too late for the new ATH.
Have fun! :)
Notice how similar the runup from the low this year, has been to the July low last year.
Then compare the astounding similarities in the RSI. Other people have pointed out other similarities between the three bubbles.
Because the last bubble took longer to "deflate" compared with the one from April 2013, this bubble cycle will probably take longer to build up, hence we're a bit too late for the new ATH.
Have fun! :)
Back then, I had been only 5 months in BTC, and didn't yet understand the price growth dynamics behint it. It took me a few years to understand how BTC price growth works :)