FieryTrading

🔥 Bitcoin Outperforming Previous Cycles: Best Case Scenario?

Long
INDEX:BTCUSD   Bitcoin
As Bitcoin seems to be unstoppable, it's time to take a fresh look at the current bull-run (read: the period after the low) and compare it to previous bull-runs.

Against my expectations, Bitcoin is outperforming both the 2018 and 2015 bull-runs. Most notable is the 2015 bull-run because it took us from ~150$ to ~20.000$. Keep in mind that the 2018 bull-run also outperformed the 2015 run at some point, but then quickly went under it and stayed under for the remainder of the cycle.

If the current bull-run stays above the 2015 line, we might actually see a top of >350k. Not the most likely scenario, but a man can dream.

For now, things are looking great. Bitcoin will likely break through the 50k resistance in the coming week, which opens the path to the ATH of 69k.

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