"Bitcoin has now gone 173 days without a new high. Longest streak ever was 1,176 days (from Dec 2013 to Feb 2017)." So I came across this fact on twitter, and checked obviously (always DYOR haha) so what do guys think this says about BTCs current position, or what it does for the much anticipated bull run. We know that Mt. Gox "helped" make that previous streak a reality, and current conditions are not even similar, there is much more awareness and players. But do you think the the overhype that took it to 20k and its followed drop for the past 6 moths (which caused major disillusions) , will make it more difficult for BTC to reach new highs?
According to the latest high (not including 2013) that's the biggest correction since then, or should I say the trend down. However, some analysis of mine shown that the longer we do not see new highs, the higher it will be. However, it is very hard to make an analysis on such much as crypto, especially when it is relatively young market. Anyways, we stay encouraged.