In this graph I show you all the accumulation phases bitcoin has been in so far.
An accumulation phase is a stage that all assets go through.
After a prolonged period of growth, the asset declines and enters an accumulation phase.
It's during this time that savvy investors buy in, anticipating the next upward trend.
It's important to note that we might remain within this trading range for another year before breaking out of it. While I believe a breakout will happen sooner, historical trends suggest otherwise, unless we replicate the 2011-2012 pattern.
Regardless, this could present a favorable buying opportunity for Bitcoin within this range, with potential selling during the euphoria (distribution stage).
To be able to see the chart like this, turn on logarithmic scale in your Tradingview.
An accumulation phase is a stage that all assets go through.
After a prolonged period of growth, the asset declines and enters an accumulation phase.
It's during this time that savvy investors buy in, anticipating the next upward trend.
It's important to note that we might remain within this trading range for another year before breaking out of it. While I believe a breakout will happen sooner, historical trends suggest otherwise, unless we replicate the 2011-2012 pattern.
Regardless, this could present a favorable buying opportunity for Bitcoin within this range, with potential selling during the euphoria (distribution stage).
To be able to see the chart like this, turn on logarithmic scale in your Tradingview.