It's almost time for some green on the screen
The store is running out of red candles...
We can only stay red for so long...
If you look back at the monthly chart, and compared it to the past bear market, it would imply we are just about done with the bear market.
Check this out:
(Source: https://twitter.com/StockmoneyL/status/1599317517800943616/photo/1)
Currently we have already had this bear market last longer than the last one...
While everyone is quick to say this time is different and the bear market should last longer, if you recall, people weren't even sure would bitcoin would be around after the peak in 2017.
Now, people understand that it's not going anywhere and are more likely to buy some on the dip regardless of the macro environment.
It is much harder to manipulate the price now but it should be a lot more interesting to a lot more people this time around...
Upvoted! Thank you for supporting witness @jswit.
My gut feeling is that in the next 2 weeks pre-Christmas we will see an up-tick but we will have to wait until March 2023 for the whole picture to really explode into life with Bitcoin - watch this space ;)
I could see that too... in 2019 the price exploded in the spring and peaked in the summer, which was 4 years ago as well following the cycles.