"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?
It is unlikely we are not going to reach a new all time high before that but I keep thinking it is going to take at least a year and maybe even more time to see those prices again, so people need to really prepare for the worst scenario, if you cannot hold your coins for that long then you are probably going to be unable to get any profits in this market.