Since its inception, Bitcoin has displayed a consistent price action pattern across cycles.
During bear markets, prices adhere to a singular trendline. When breaching it, Bitcoin enters a parabolic trajectory. Historical trends underscore this pattern: from 2012-2014, then 2015-2017. The 2019-2021 cycle deviated slightly due to the "COVID-puncture," altering the bull market shape. Ignoring this anomaly, Bitcoin's price aligns with its age-old parabolic curve.
While doomsayers predict a potential Black Swan event, with prophecies of a dip to 10K-16K, history informs us. The 2014 bear market ended with a double-dip bottom, akin to the 2018 scenario. Hence, the notion of a second dip lingers, urging caution. It's unwise to go all-in at any market point. HODL your Bitcoin, maintaining some cash reserves offers a prudent approach.
Additionally, observing the RSI on the weekly chart reveals a recurring pattern. The RSI typically ascends to the 70 level as the market exits its bottoming phase. This repetitive behavior underscores Bitcoin's cyclical nature, offering strategic cues for seasoned investors.
During bear markets, prices adhere to a singular trendline. When breaching it, Bitcoin enters a parabolic trajectory. Historical trends underscore this pattern: from 2012-2014, then 2015-2017. The 2019-2021 cycle deviated slightly due to the "COVID-puncture," altering the bull market shape. Ignoring this anomaly, Bitcoin's price aligns with its age-old parabolic curve.
While doomsayers predict a potential Black Swan event, with prophecies of a dip to 10K-16K, history informs us. The 2014 bear market ended with a double-dip bottom, akin to the 2018 scenario. Hence, the notion of a second dip lingers, urging caution. It's unwise to go all-in at any market point. HODL your Bitcoin, maintaining some cash reserves offers a prudent approach.
Additionally, observing the RSI on the weekly chart reveals a recurring pattern. The RSI typically ascends to the 70 level as the market exits its bottoming phase. This repetitive behavior underscores Bitcoin's cyclical nature, offering strategic cues for seasoned investors.
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