Bitcoin is pattern making machine

What do you see when you look at this chart?

If nothing else, bitcoin is a pattern making machine.

It churns out all sorts of patterns and then repeats them time and time again.

If you didn't know any better you'd think the price and patterns were programmed into the thing just like the halving is.

Take a look at this chart for example:

(Source: https://twitter.com/LynAldenContact/status/1369409534071103493/photo/1)

What do you see?

I see a price that has runs up into a halving, and then really explodes after the halving.

I see a price that goes up many multiples of its prior highs.

I see a price that doesn't even retest the old highs once it breaks out.

If you look at the dip the last time around, it got as low as about 3x the prior highs.

Applying that to this time around, and that would imply the crash goes down to about $60k, a price that we aren't even to yet.

When you really start looking at this chart and extrapolating out the current environment, it looks like bitcoin is going north of $200k and isn't going to ever go below about $50k again.

That means that anyone taking profits here is never going to be able to get back in lower than this once we break through new highs again.

That's scary to think about.

Stay informed my friends.

-Doc