Share Bitcoin Previous Market Chart On Hive

We have respected this perfectly we're actually having a lot less trading time this bear cycle in this lower band than we did here we can see during our previous bear cycle the lowest band but up here

In this our current bear cycle which we are still going through slash just went through we can see we didn't spend as much time trading on this on this lowest blue line here and instead it was very much you know it was very much more swingy than last time right we came down here and then we had you know a a run-up you know we got a little over extended and then we had it you know another overextended downturn and then we're currently experiencing another run-up at this point

So long-term when you look at this chart we can clearly see that over the long term we are going higher and higher this most recent low that we made back in march did not penetrate down through to our lowest low our our lowest low the entire bear market back a couple years ago what we effectively did was we made a higher low

Bitcoin is worth more now than it was a year ago two years ago right people are willing to pay more for it rather than drop to 10,000 it dropped to you know where wherever it dropped whether it was 39 or 45 whatever range it was we still put in a higher low which is on a macro scale is a very very good thing and as we can see we've had our run up

we've had another run-up and you know whether we come down if we do come down and bitcoin comes back to you know even thousand eight thousand dollars the crazy part is is that would still line us up to be perfectly on schedule and to completely respect this chart

Bitcoin dropping further from here isn't even necessarily a bad thing it would still be respecting the chart bitcoin has its having we traditionally you know go up we go on upward movement we don't really start to come back down and make brand new lows as we can see with all of these past halvings however there haven't been that many having you know bitcoin is still a new asset class you know we only got about 10 years of data