Satoshi said it himself bitcoin will be a number of boom and bust cycles , sucking in people every hype cycle through fomo and spitting back out the non believers
while keeping a whole new batch of believers for the next run.
Producing more and more holders each cycle creating less upside resistance until we finally reach hyperbitcoinization .
It's rung true since the beginning and i think it will keep playing out for some time yet .
With segwit adoption rising , fee's at all time lows and lightning network around the corner along with atomic swaps bitcoin has never looked better.
I have overlayed the last bubble chart onto future chart and it all lines up fairly well imo , 3k being very strong support .
I think the only indicator you will need to watch is the weekly 50sma .
Not saying this is gonna play out but i am definitely making a plan for it , and i think everyone should too .
Let's just hope it doesn't take as long.
while keeping a whole new batch of believers for the next run.
Producing more and more holders each cycle creating less upside resistance until we finally reach hyperbitcoinization .
It's rung true since the beginning and i think it will keep playing out for some time yet .
With segwit adoption rising , fee's at all time lows and lightning network around the corner along with atomic swaps bitcoin has never looked better.
I have overlayed the last bubble chart onto future chart and it all lines up fairly well imo , 3k being very strong support .
I think the only indicator you will need to watch is the weekly 50sma .
Not saying this is gonna play out but i am definitely making a plan for it , and i think everyone should too .
Let's just hope it doesn't take as long.
