Has BTC peaked already or is this just phase 1 of the bullrun?
The logarithmic view suggests we might have only hit the first post-halvening Bullrun pullback. Approx. 240 days between halvening and first pullback is a similar event to 2017. Time of year is different, however.
Is history is going to repeat itself? I wish it would but I don't think it will.
In the normal chart view, it looks like BTC has already peaked and is now going to gradually descend for the rest of the year. (Bitcoin MVRV ratio also suggests this).
This is neither advice nor prophecy, just wondering what might happen next!
I believe the market may soon decide.
Is history is going to repeat itself? I wish it would but I don't think it will.
In the normal chart view, it looks like BTC has already peaked and is now going to gradually descend for the rest of the year. (Bitcoin MVRV ratio also suggests this).
This is neither advice nor prophecy, just wondering what might happen next!
I believe the market may soon decide.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.