Does history repeat itself? If the last two bitcoin cycles are anything to go by, then I think we're in the market for another 30% retrace in the coming weeks.
On the way up, we had an extra long consolidation period thanks to Bitcoin Gold, then S2X gave us the retrace (from the green line down) and now we're poking at the 10% border above the previous ATH. Of course this time it could be different. Is there any fundamental news expected int he coming week which could cause us to begin the 2 week bear run down to the low $5000s? Or am I just searching for a pattern where there is none?
On the way up, we had an extra long consolidation period thanks to Bitcoin Gold, then S2X gave us the retrace (from the green line down) and now we're poking at the 10% border above the previous ATH. Of course this time it could be different. Is there any fundamental news expected int he coming week which could cause us to begin the 2 week bear run down to the low $5000s? Or am I just searching for a pattern where there is none?
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