* -80% decline from the market All Time High.
* Lengthy consolidation before the final drop .
* rebound on the market bottom.
* Consolidation after the and fairly sharp recovery close to the starting levels of the final drop .
Again I am stating for the record that Bitcoin is on 1D candles while Nikkei on 1W (Bitcoin's life span is far shorter than Nikkei's). This comparison is not intended to provide trading levels but to illustrate that investor psychology can be identical across various markets and completely different financial instruments.
But! If Bitcoin follows Nikkei's example we can see 11000 on the next Halving! Not impossible at all!
I am looking forward to your thoughts on this latest comparison on the comments section! What price do you think BTC will be trading at by the next Halving?