As we can see, the line in thick blue acted as strong support level for bitcoin. Even with the f2pool liquidation, we jumped back into the top real quick.
This bull market cycle is not nearing its end if we compare it to previous cycles, but one thing to keep in mind is the fact that the price has been accelerating way fast. The faster the price acceleration, shorter is its life. There shouldn't be only one bull market cycle in 4-years time.
This bull market cycle is not nearing its end if we compare it to previous cycles, but one thing to keep in mind is the fact that the price has been accelerating way fast. The faster the price acceleration, shorter is its life. There shouldn't be only one bull market cycle in 4-years time.