BitcoinLong
BTC Super Pump Structure?
With the chart in Log and looking at the Monthly we can see BTC repeating a Crypto winter spring structure closer to (2014-2016) rather than (2018 - 2020).
The linear regression + RSI indicator is also similarly more closely following the (2014-16) Winter/Spring.
As we continue to deflate the US dollar and currencies around the world we need to consider our sense of scale needs to be adjusted as we look at "Bitcoin as the hardest asset in the world" as Mr. Saylor puts it.
If bitcoin is to compete with gold and also become the central reserve of most developing countries if not the world it will reflect that in a change in character of adoption hence parabolic moves to the upside.
This is nothing new, Just zooming out for the long term.
The linear regression + RSI indicator is also similarly more closely following the (2014-16) Winter/Spring.
As we continue to deflate the US dollar and currencies around the world we need to consider our sense of scale needs to be adjusted as we look at "Bitcoin as the hardest asset in the world" as Mr. Saylor puts it.
If bitcoin is to compete with gold and also become the central reserve of most developing countries if not the world it will reflect that in a change in character of adoption hence parabolic moves to the upside.
This is nothing new, Just zooming out for the long term.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.