BTC - surely it's different this time?
Updated
The hype is over for now. The moon kids have disappeared from the forums. The mainstream news is quiet. Bitcoin may be crawling back into its hole to lick its wounds for a while.
We have already dropped 70% off All Time High, just like the last mega bubble. If we were to follow the same pattern as last time, we would drop around 85% and end up around 3k and it will take a while to get there.
Of course Ii realise things are never the same, and these lines are just drawn to fit the narrative, but this is just food for thought.
We have already dropped 70% off All Time High, just like the last mega bubble. If we were to follow the same pattern as last time, we would drop around 85% and end up around 3k and it will take a while to get there.
Of course Ii realise things are never the same, and these lines are just drawn to fit the narrative, but this is just food for thought.
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Not looking very different this time (so far!)Thinking we may bounce at 4.9 and then down to 2.8 - 3.2
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And thinking this, long term ....Note
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Taking much longer than I thought.Note
Turns out it wasn't different this time!! :-O Not much change from original projection ... similar targets :-
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