Satoshi said it himself bitcoin will be a number of boom and bust cycles , sucking in people every hype cycle through fomo and spitting back out the non believers while keeping a whole new batch of believers for the next run.
Producing more and more holders each cycle creating less upside resistance until we finally reach hyperbitcoinization . It's rung true since the beginning and i think it will keep playing out for some time yet .
With segwit adoption rising , fee's at all time lows and lightning network around the corner along with atomic swaps bitcoin has never looked better.
I have overlayed the last bubble chart onto future chart and it all lines up fairly well imo , 3k being very strong support . I think the only indicator you will need to watch is the weekly 50sma .
Not saying this is gonna play out but i am definitely making a plan for it , and i think everyone should too . Let's just hope it doesn't take as long.
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.