tyfyb

2017 vs 2021: Peaks and Pain

tyfyb Updated   
BITSTAMP:BTCUSD   Bitcoin
Comparing the 2017 and 2021 Peaks for for BTC.

After bouncing off the 200 day SMA and 336 days after the 2017 peak, we saw a crash.

As of today, we just bounced off the 200 day SMA and are 229 days from the 2021 peak. Will we see a similar crash?

Fun comparison. Will be interesting to see how it plays out.

Not financial advice.
Comment:
A month in and this has played out in a similar to 2018.

Price has blasted right through the 100w SMA just like it did in 2018. Less of a cliff so far but volume is still low. Still waiting for the capitulation.
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