Food for thought as we see some serious correlation between now and prior bubbles. Fed QE is the only thing keeping the market afloat. The United States are not immune to the backlash of China's Evergrande. All eyes on Fed meeting this week.
This chart analyzes the return, duration, and volume of the prior two BTC cycles (2013 & 2017). The current 2020 BTC mid-cycle crash draws similarities to the 2012-13 super cycle. In 2013, we saw a mid-cycle crash (April 9, 2013-July 6 2013) that saw a -71% drawdown from local top to local bottom. From the local bottom (July 6, 2013) to cycle peak (November 29,...