Will history repeat itself? Will chainlink continue to grow exponentially to bitcoin in the coming months?
Impossible to say.
Chainlink was introduced at the very end of the last bull market - we never got to see it truly perform in the last cycle.
However, as we've seen, LINK has grown exponentially to BTC during the latest bear market - increasing an absurd 12,000%+ from the Dec '17 low to the DeFi bubble high this past August '20.
Trends are our friends, until they end. And this trend is about to be tested.
The current price action from the peak of Aug '20 to Dec '20 looks eerily similar to what we saw in the summer of 2019. Almost the same % gains and losses from troughs, to peaks, and back to potentially the next trough.
Obviously, this depends a lot on what bitcoin does. I posted recently about BTC, which you can check out here:
Would love to hear what you guys think!
Good luck
Impossible to say.
Chainlink was introduced at the very end of the last bull market - we never got to see it truly perform in the last cycle.
However, as we've seen, LINK has grown exponentially to BTC during the latest bear market - increasing an absurd 12,000%+ from the Dec '17 low to the DeFi bubble high this past August '20.
Trends are our friends, until they end. And this trend is about to be tested.
The current price action from the peak of Aug '20 to Dec '20 looks eerily similar to what we saw in the summer of 2019. Almost the same % gains and losses from troughs, to peaks, and back to potentially the next trough.
Obviously, this depends a lot on what bitcoin does. I posted recently about BTC, which you can check out here:
Would love to hear what you guys think!
Good luck
