Replying to Avatar Junkflex

According to historical data #bitcoin is doing the same thing it did in 2020 before the parabolic phase. For genuine bitcoiners, the current price performance is not a cause for concern.
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Bitcoin ETF 1y ago

The difference is ATH before the halving driven by etfs. That's why it so hurts to bounce around 50-60K for so long.

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Junkflex 1y ago

Fully agreed, the price has prematurely pumped ahead of the assets fixed algorithmic price trajectory due to unprecedented adoption levels from the ETFs and related anticipation. I would say that we would be looking at around 40k naturally without the extra adoption.

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profk 1y ago

Definitely not an expert but looking at the previous 2 cycles, it would seem the ATH’s came 1 year plus after the halving.

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Bitcoin ETF 1y ago

If I remember it right, previous ATHs were broken around 7-9 months after the halving, and 1 year and around a half is when the cycle top was usually reached.