Good morning to only 10 followers who replies for my posts..
Was doing some comparisons earlier, the results aren’t exactly bullish or bearish, just… interesting.
We’ve had a lot of good news lately, which helps explain the continued possibility of upside. But here’s something else as well.
From the 2018 bear market bottom to the 2021 cycle top, $BTC did approximately 2100%.
Now compare that to this cycle…
From the 2022 bottom to the current local top around $110K, we’re not even at 800% yet.
Sure, a repeat of 2000% might be a stretch this time.
But is a 900%–1100% move really off the table? That would put $BTC somewhere in the $170K–$200K range.
Would love to hear your thesis. Drop your take.
also shared something from @davthewave