Personally I feel the bull run is over. I was here in december 2017 and the same FUD was spread around this time in the cycle. But that is a gut feeling. The charts tell me another story.
The vertical red lines are the past halving. Looking at the time since the halving of 2020 we are 330 days into the bull run. In 2017 at the same point in the cycle we saw a massive dip in the bitcoin price. Just like now. We still had to go up to the 2017 ATH on day 523 of the cycle. What if the timing of this cycle is the same? In that case we can expect a €113.000 bitcoin in november. Wouldn't that be something?
The vertical red lines are the past halving. Looking at the time since the halving of 2020 we are 330 days into the bull run. In 2017 at the same point in the cycle we saw a massive dip in the bitcoin price. Just like now. We still had to go up to the 2017 ATH on day 523 of the cycle. What if the timing of this cycle is the same? In that case we can expect a €113.000 bitcoin in november. Wouldn't that be something?
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