Bitcoin - What if the March 2020 'Corona dump' Never happened?..
Imagine for a minute that the Corona dump in March of 2020 had NOT happened....
Then that 'local top' (1) that formed before hand in June 2019 - would start to look a lot like the recent local top this year (2).
If history repeated then we could be looking at something like the blue projection.
Of course this is highly speculative, but it's worth considering that the black swan event last year, when removed, makes the long term chart look very different. Many people are currently expecting another such event, when in reality there is not much reason for a 2nd such dump to occur since most corona related shock is now already priced in.
Enjoy the pump!
Then that 'local top' (1) that formed before hand in June 2019 - would start to look a lot like the recent local top this year (2).
If history repeated then we could be looking at something like the blue projection.
Of course this is highly speculative, but it's worth considering that the black swan event last year, when removed, makes the long term chart look very different. Many people are currently expecting another such event, when in reality there is not much reason for a 2nd such dump to occur since most corona related shock is now already priced in.
Enjoy the pump!