We're literally in the stagnation phase 🤷♂️
#Bitcoin
Discussion
Chart live available:
concentric circles are coming uncomfortably close to touching
That’s my thought. Concerning or just interesting?
I figure there will be overlapping portions at least once. Bitcoin has a habit of breaking models. If it does, a lot of plebs will be very happy.
I think it is destined to happen at some point, and there is a good chance of it happening in 2024. Don’t think it really means much of anything for the long-term viability of btc. I do think that bitcoin has some very tough times ahead, especially in the short-term.
Hardly looked at the price in years. I hope on Nostre there won't be much bull run madness next time as over on Twitter.
Hey Root - Any thoughts on how tight the price bands are within this stagnation phase to previous cycle value? Looks like things had a wider gap year to year previously. Diminishing returns, general macro? Thoughts?
Remember that in 2019 we had a mini bull run and were extended further out from the mean. Price would have to drop below 10k or possibly little lower to cross, depending on the exact position.
Chart based on modular arithmetic! Bravo! Bitcoin is time!
Is there really a suckers rally when Bitcoin is going to consume the world?
Can't you put on this picture the ATHs and ATLs?
sabar pak sopirrr..
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