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Although it feels like in this market cycle we’re going up too quickly, when I look at this chart, it feels a lot like the previous market cycle should have looked like this if we didn’t have Covid crash.
(Purple line vs green)
@honey_xbt It’s important to also consider the current market cap vs 2021 market cap. A lot of alts have currently price chart like this but some of them may have MC close to last bull run so they will require far more money to hit the previous ath… in other words - they may not hit it.
@rj_trading1 Everything’s possible but this would be the most pathetic bull run in the history of crypto😂
Maybe we will bounce soon, maybe we cool off for a few months but I’m 99.9% sure we will have another leg up.
Time to load up on some AI alts :)
@yanikphoto I was looking at GPU too. Too many projects not enough liquidity 😂
I think there will be a bigger pullback and a bit of a cooldown similar to summer 2021.
I’m getting some serious early 2021 vibes but we’re MUCH earlier in the market cycle.
My guess:
- BTC goes back to ATH and a bit above (maybe 80k)
- We have a big (20%+) pullback and a couple of months to cool off
- BTC then goes parabolic
Most likely I’m completely wrong tho