BitcoinLong
Exactly the Same Scenario
Is it just me, or does the 2024 daily chart look suspiciously like the 2016 and 2020 patterns? Still the same tapering triangle, after which we see a parabolic rise.
Isn't this all about supply&demand? At one moment the market realizes that there is even less bitcoin to buy after halving, a certain news trigger occurs - and the price goes skyward. This causes a snowball effect, as people start googling bitcoin on the back of this growth and conclude that we have entered a growth cycle - driving the price even higher with their FOMO. Satoshi saw this psychology, and that's why it works every time from cycle to cycle.
I don't see the FUD reason that we will supposedly go to 30k to harvest liquidity or go after some ETFs, because the historical data has never once given us any reason to think that will happen. On the contrary, all the data only indicates that we are in the calm before the storm.
Isn't this all about supply&demand? At one moment the market realizes that there is even less bitcoin to buy after halving, a certain news trigger occurs - and the price goes skyward. This causes a snowball effect, as people start googling bitcoin on the back of this growth and conclude that we have entered a growth cycle - driving the price even higher with their FOMO. Satoshi saw this psychology, and that's why it works every time from cycle to cycle.
I don't see the FUD reason that we will supposedly go to 30k to harvest liquidity or go after some ETFs, because the historical data has never once given us any reason to think that will happen. On the contrary, all the data only indicates that we are in the calm before the storm.
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