Looking at BTC in the pre 2014 bull run the structure was the same as our pre 2020 bull run. Following that bull run BTC pulled back and touched the previous bull run peak and continued a bit further down to the lower mid cycle peak as depicted in the chart.
In comparing to 2022 we are now in a similar if not near identical structure where BTC has come back down to the previous peak of $20,000 and holding the line so far.
The question is, will #BTC hold this support or will it go down as it did in 2014/2015 and touch the lower peak from 2019?
This remains to be seen, but I thought this was an interesting observation.
I know I didn't capture much in comparing the previous cycle of 2014 vs 2018 structure but I assure you it is extremely similar.
Buying at 20k vs 14k won't matter much once we start the next bull run, just up to you how you want to play it. This is if the bulls even allow BTC to go any lower or will they fight the teen prices.
In comparing to 2022 we are now in a similar if not near identical structure where BTC has come back down to the previous peak of $20,000 and holding the line so far.
The question is, will #BTC hold this support or will it go down as it did in 2014/2015 and touch the lower peak from 2019?
This remains to be seen, but I thought this was an interesting observation.
I know I didn't capture much in comparing the previous cycle of 2014 vs 2018 structure but I assure you it is extremely similar.
Buying at 20k vs 14k won't matter much once we start the next bull run, just up to you how you want to play it. This is if the bulls even allow BTC to go any lower or will they fight the teen prices.