Re: Is Bitcoin Following the 2011 Double Peak Cycle or 2015’s Slow Grind?
Here’s What History Suggests:
As Bitcoin bounces around in its current consolidation phase, there’s a lot of speculation on what could come next. This deep dive into Bitcoin’s past bull cycles offers some clues—and it's looking bullish either way!
Key points from the analysis:
Cycle comparison: The current cycle most closely mirrors two past ones—2011-2013 (the double peak cycle) and 2015-2017 (the slow and steady rise).
Metrics like MVRV ratio & Coin Days Destroyed: These metrics suggest investors are accumulating, just like in previous bullish periods.
No matter which path Bitcoin follows, the outlook is strong. If you're into data-driven analysis, this video breaks it all down:
Watch the full video here: https://www.youtube.com/watch?v=zRjiAdqW82A
What do you think? Are we headed for another parabolic run, or a slower, more sustained rise? 🤔
As Bitcoin bounces around in its current consolidation phase, there’s a lot of speculation on what could come next. This deep dive into Bitcoin’s past bull cycles offers some clues—and it's looking bullish either way!
Key points from the analysis:
Cycle comparison: The current cycle most closely mirrors two past ones—2011-2013 (the double peak cycle) and 2015-2017 (the slow and steady rise).
Metrics like MVRV ratio & Coin Days Destroyed: These metrics suggest investors are accumulating, just like in previous bullish periods.
No matter which path Bitcoin follows, the outlook is strong. If you're into data-driven analysis, this video breaks it all down:
Watch the full video here: https://www.youtube.com/watch?v=zRjiAdqW82A
What do you think? Are we headed for another parabolic run, or a slower, more sustained rise? 🤔
Going by some of the history of bitcoin circle, you're going to definitely find or discover some similarities in them, this is because sometime the pattern follows suit on a regular basis while on some cases it is not as the same from the previous ones, but there are thing to deduce when comparing more than two circles together relating to the bitcoin market price and the bullrun run pattern used during those periods.