Some people believe that everything is repeated in a circle. If at the same time and similar condition something happened it should happen again under the similar condition and the similar time.
I might agree on that if we decide what we mean for condition.
Some people compare this end of the year with 2017 end of the year.
However many things have changed permanently since then.
Let me just remember what came just before the run.
13 - 10 BTC price breaks $5,000 for the first time
25 - 10 Bitcoin Hardfork, Bitcoin Gold goes live
31 - 10 CME announces to launch Bitcoin futures
20 - 11 Bitcoin price breaks $10,000 for the first time
11 - 12 CBOE Bitcoin Futures are launched
18 - 12 Bitcoin price hit all time high just below $20,000
Now..today we have a completely different situation.
Many people lost money entering the market just before or just after the ATH.
No big news for BTC.
No new ATH which is, in my opinion, one of the reasons why BTC boosted so high back in 2017
Many investors got out from the market long ago when we entered the well known 2018 bear market.
As long as BTC remains under $20,000 there isn't any hope to touch an ATH again. In my opinion it should have already touched a new hight in the last Bull Run. However it didn't and stopped quite far from a new hight.
If nobody, or a few believe that BTC can make it, if there aren't any good (very good) news on BTC side nothing like before can happen.
BTC isn't set to skyrocket soon.
But nobody knows.....
Good News are like Christmas Gifts...you expect it but you never know what's inside, how valuable is that thing inside until it's unwrapped....
Do your research and good luck...Drink wine and forget all this mess for a little while.
I might agree on that if we decide what we mean for condition.
Some people compare this end of the year with 2017 end of the year.
However many things have changed permanently since then.
Let me just remember what came just before the run.
13 - 10 BTC price breaks $5,000 for the first time
25 - 10 Bitcoin Hardfork, Bitcoin Gold goes live
31 - 10 CME announces to launch Bitcoin futures
20 - 11 Bitcoin price breaks $10,000 for the first time
11 - 12 CBOE Bitcoin Futures are launched
18 - 12 Bitcoin price hit all time high just below $20,000
Now..today we have a completely different situation.
Many people lost money entering the market just before or just after the ATH.
No big news for BTC.
No new ATH which is, in my opinion, one of the reasons why BTC boosted so high back in 2017
Many investors got out from the market long ago when we entered the well known 2018 bear market.
As long as BTC remains under $20,000 there isn't any hope to touch an ATH again. In my opinion it should have already touched a new hight in the last Bull Run. However it didn't and stopped quite far from a new hight.
If nobody, or a few believe that BTC can make it, if there aren't any good (very good) news on BTC side nothing like before can happen.
BTC isn't set to skyrocket soon.
But nobody knows.....
Good News are like Christmas Gifts...you expect it but you never know what's inside, how valuable is that thing inside until it's unwrapped....
Do your research and good luck...Drink wine and forget all this mess for a little while.