The lows may already be in...
jondoe (82)in #bitcoin • 13 hours ago (edited)
Those waiting for $10k may be waiting for a long time...
The unpopular opinion... the lows for bitcoin are already in.
Everywhere you look people are talking about bitcoin needing one more leg down before the bear market finishes.
They may be right, or they may not...
This chart leads me to believe they may not be.
Check this out:
image.png
(Source: https://twitter.com/StockmoneyL/status/1584530955447848960/photo/1)
As you can see the price has already spent a long time in the accumulation zone, around the same amount of time we have seen the price in that zone historically.
There is no guarantee history repeats again, but the setup is certainly there.
The more charts I see like this one makes me think that those waiting for that last crash may end up waiting a very long time.
I'm not ready to say the lows for sure are already in, but the odds are likely better than a coin-flip the lows are already in.
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