Not only is it fascinating to observe the fractal patterns of a crypto asset play out over time, it's also fun to watch how the peaks and valleys evolve in a methodical fashion.
The newer cryptocurrencies still have really sharp price peaks with steep and sudden "drop-off's" while BTC matures with rounded macro hills, made up of micro sharp peaks.
This is most likely due to the psychology of market participates evolving their reactive behaviors due to accelerated learning and understanding of market structure.
As the asset continues to mature, one could assume that the nature and shape of significant peaks will continue to evolve and adapt, so as to not become "too easily predictable" by market participants.
After all, markets love to keep human psychology guessing or sweating : ) through its own evolutionary constructs.
The newer cryptocurrencies still have really sharp price peaks with steep and sudden "drop-off's" while BTC matures with rounded macro hills, made up of micro sharp peaks.
This is most likely due to the psychology of market participates evolving their reactive behaviors due to accelerated learning and understanding of market structure.
As the asset continues to mature, one could assume that the nature and shape of significant peaks will continue to evolve and adapt, so as to not become "too easily predictable" by market participants.
After all, markets love to keep human psychology guessing or sweating : ) through its own evolutionary constructs.
Comment:
P.S...I don’t think people realize how insanely bullish bitcoin shrugging off the spot ETF rejection is.