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Bitcoin behavior after Thanksgiving
From the last 9 Thanksgiving counted since 2012 the Bitcoin price more or less bottomed out at this date 7 times (green arrows).
So there were nearly no lower prices afterwards until Bitcoin reaches the next Top.
Note: to count 7 of 9 times I evaluate the price drop because of Corona as not countable since every asset on world went down at that times.
Only in the bear markets first year 2014 the price went significant lower (red arrow).
In the first bear market year 2018 I evaluate the price drop with a orange arrow.
By looking at the PI Cycle Tops combined with the Log Growth Curves it is hard for me to imagine that we won´t see a second Top soon.
*no financial advice
do your own research before investing
So there were nearly no lower prices afterwards until Bitcoin reaches the next Top.
Note: to count 7 of 9 times I evaluate the price drop because of Corona as not countable since every asset on world went down at that times.
Only in the bear markets first year 2014 the price went significant lower (red arrow).
In the first bear market year 2018 I evaluate the price drop with a orange arrow.
By looking at the PI Cycle Tops combined with the Log Growth Curves it is hard for me to imagine that we won´t see a second Top soon.
*no financial advice
do your own research before investing
The shown ideas are my personal opinion and findings... no financial advice
Please always do your own research before investing
Please always do your own research before investing
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