We have continued mostly through the recovery of this phase of Bitcoin
, and we are now entering the sideways consolidation and launchpad for the next bubble to go exponential. This is all moving along with my theory that, as Bitcoin
grows, the "bubble pattern" everyone has subscribed to will be broken. As we grow and market liquidity and market cap grow, the market in general will become less volatile and these typical movements we see will take longer, and become less violent. We already have seen this from April to November, where it took almost two weeks versus two days to completely crash the market.
I also believe that the Silk Road was a unique event and as I said in the text, will not be repeated.
I'm also striving to make my charts cleaner and more easy to read, so I hope you guys enjoy this one!