How does the current cycle compare to the previous cycle?
Here we look back at the 2020 season and see that the market was no different from the present, #BTC had not broken through the old ATH, and looking at the candle body, it is clear that the market this season seems to be much more moderate than the previous season.
#Altcoin This part of 2020 has not yet recovered from the strong Covid crash. Altcoins are all divided 5/7/10, the only difference is that 2020 Altcoin suffered a Crash, while 2024 Altcoin slowly bled day by day, month by month, up to now, it has been exactly 4 months since the sharp decline in mid-April.
In 2020, everyone was also scared and panicked, many people forgot about the Uptrend after the Covid19 event. Or even around my friends, they left to cut losses or deleted the app to forget about the market at that time, but in the end, Bitcoin recovered strongly from the 5-10k$ period, then created an ATH of 69k$.
People are currently afraid that at that time the covid market should be pumped with new money to increase dramatically, then everyone is at home without a job so they are looking for investment channels like #Crypto ..
This season there is no money printing, but you also see that during the time the Fed raised interest rates and reached a peak of 5.5, BTC still increased from 15k-70k$ , but now the interest rate is about to decrease, expected to start in September..
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