Re: A quick reminder from Eric Adams, mayor of the City of New York.
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Yep. At the very least compare the current price to the price 1 year ago or the price at the start of the year. Comparing against all-time highs will only give you a very bad picture especially if it's a blowoff top à la December 2017.
Even that in comparison to the point of view aspect will create fear in the minds of investors, because one year back the price of BTCitcoin was below $10k and if they look at that perspective then they fear that it can still go down and might book their loss thinking that they will purchase once it reaches the bottom Yep. At the very least compare the current price to the price 1 year ago or the price at the start of the year. Comparing against all-time highs will only give you a very bad picture especially if it's a blowoff top à la December 2017.
. The perspective game is really tricky and i still believe that it all depends upon how the institutional investors view these scenarios and which perspective they will view the market situation. Anything is possible in the next few days, lets see how the market goes.