Bitcoin is acting more like 2012 than 2015

in #bitcoin6 years ago

Now this is interesting...

Bitcoin is acting a lot more like 2012 than 2015.

The reversal off of the lows in 2015 was slow and gradual.

This reversal is sharp and steep, like in 2012...

Check it out:

(Source: https://twitter.com/TheCryptoDog/status/1143401700650344449)

If that is the case this bull market might go even higher than I thought it would.

And it will be faster than I expected as well.

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It is up like a rocket this morning, reaching for 13K as I write this.
And I am caught totally out of position, story of my life.

Same here... I have been waiting for this for 18 months and I am all out at this point... ugh.

...and now we are both glad we did not buy in. Holy HELL what a steep spike and drop. I am showing BTC at 10.8K as I write this. That's just scary volatile.

Yep agreed. I just got back in though actually around $10,600. I am a bit early most likely but at least I have some skin in the game again.