Before the bear market started in 2014 the price of bitcoin had two mini bear markets in what in retrospect was two years of strength from bottoming out early 2012 around $4 to heights end of 2013 around $1100
Before bitcoin could break old highs it had a near 60% drop.. however it is the 80% drop in wick and 50%+ drop in candle early 2013 that resembles what may be occurring to bitcoin price now
The % scale of volatility theoretically shouldn’t be as aggressive this time round with greater levels of liquidity in the market but we may be looking at a multi month mini bear market within a greater bullish trend
We may be looking at another weak quarter with heavy chop with a return to final stages of parabolic move leaving current highs of $60k as the support for the ‘22 bear market
Before bitcoin could break old highs it had a near 60% drop.. however it is the 80% drop in wick and 50%+ drop in candle early 2013 that resembles what may be occurring to bitcoin price now
The % scale of volatility theoretically shouldn’t be as aggressive this time round with greater levels of liquidity in the market but we may be looking at a multi month mini bear market within a greater bullish trend
We may be looking at another weak quarter with heavy chop with a return to final stages of parabolic move leaving current highs of $60k as the support for the ‘22 bear market
