We are perfectly on track with the previous BTC cycle
It's amazing how closely bitcoin is tracking to its previous bull market rally
It's all about the halvings.
The current bitcoin price action is very closely mimicking what we saw the last time bitcoin went on a parabolic rally.
It's not quite exact, but it's really dang close:
(Source: https://twitter.com/1Jour1Bitcoin/status/1290427532949565445/photo/1)
- The Green Line is the past cycle and projected cycle
- The Red Line is the actual price action since the Dec. 2018 low
As you can see it has followed very closely to what we saw at this stage of the cycle the last time around.
Will history repeat yet again???
Describe perfect? is it
Is it? Is what?
I hope Steem will participate in the Bitcoin rise too! or do we have to hope for an Alt season?
We always have hope, but bitcoin may have to make new highs before steem gets involved.