So basically last year was full of great ups and downs, but this years bitcoin doesnt have that amazing news or the great interest from the people who doesnt invest or doesnt own, like last year my father came and asked me about btc (when it went higher than 10k$) but now it is just back to the normal state which is only interest from the holders.
So let me re ask my questions: Do you think it was just a trend? Or it is a wave that has ups and downs, and will come back again?
Or do you think it is just something normal to happen since people believed it is just a trend?
/discuss
It's called cycle. Right now we're obviously we're in the bearish one. 2018 was the start of this cycle, so there's a lot of ups and downs and then we stabilizes around the $6k-$6.5K levels however, it dramatically fall because of all the BCH drama. If we're going to look at it's past history, bitcoin works that's way, bullish/bearish cycles.
Cycle is activity of all the marken from buttom to top then buttom again it can be a year or more. Like if you look at cycle of bitcoin start from 3k to 20k and back to the level of 3k.
Cycle contain in its trend and wave.
Wave or trend is depend in what are you descriping. But trand contain in it waves.
N M W look at chart you will know
Fot example upper trend has so many waves.