BTC - Bull market cycles appear to be lasting longer and longer

in bitcoin •  6 years ago 

Something very interesting was pointed out the other day...

Bitcoin bull markets have been lasting longer and longer.

Since 2010, each bull market has been longer than the previous one.

We don't have a large sample size to go off of really, but it is interesting to take note of...

Look at how each bull market is longer than the previous one:

(Source: https://twitter.com/Josh_Rager/status/1134458358814203904)

Cool, so what can we learn from this?

Well, if this pattern/trend were to continue we might expect this current bull market to last longer than 840 days.

We are currently 188 days into the current bull market.

Which means...

We are likely not even 25% of the way through the current bull market.

That should help give you some perspective if you are worrying this recent surge might be the big one...

According to past trends, it's not even close.

Buy the dips.

Stay informed my friends.

-Doc

bitcoin crypto busy news palnet
6 years ago by

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      ·  6 years ago 

    Good

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      [-]
        ·  6 years ago 

      My thoughts exactly.

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        ·  6 years ago 

      Longer or not, the price target remains the same... To me, BTC will easily reach $40K!!

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          ·  6 years ago 

        I think you may be right. That is less than 4X from current levels now. Doesn't seem unreasonable at all.

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          ·  6 years ago 

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            ·  6 years ago 

          Thanks.

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            ·  6 years ago 

          2019-06-26_213238.png
          Just the facts! Okay, I didn't sell my 0.05 BTC! Buying them for 10,000)

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            [-]
              ·  6 years ago 

            Nice done!

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            [-]
              ·  6 years ago 

            What prices are you holding for?

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            [-]
              ·  6 years ago 

            I sold yesterday for $12,900

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              [-]
                ·  6 years ago 

              Nice, so you didn't ride it down?

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