After one of Bitcoin’s worst drops in its history, many people wonder if the crypto market has reached a top.
For months, the crypto space around Bitcoin has been dominated by bullish narratives of institutional adoption, BTC as a store of value stealing gold’s shine.
Despite its apparent sudden execution, BTC’s price crash was predicted by many experts able to read the signs and indicators that go beyond the narratives.
“Nash” reviewed BTC’s previous cycle to counter “moonboism”, a made-up condition suffered by those investors with an everlasting “Up Only” sentiment.
The second cycle started somewhere in 2013 and lasted for about 7 months with 2 different peaks at the end of that year and in 2014.
From the chart presented by the analyst, he presents 3 possible scenarios.
It is possible to assume, based on the previous argument, that the shorter the cycle, the more explosive the ROI.
In other words, it is less likely for BTC to reach an all-time high price if the grown expressed in percentage is higher than in 2017.
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