It's always very interesting when you put things into perspective.
Historically, by looking at Bitcoin’s logarithmic chart, we can notice that past all-time highs (more or less) have always been followed by retracements.
You can't expect things to go straight up forever, nor can you expect significant HTF levels to not act as a defensive bulwark.
The yellow box between ATH and 0.786 represents this argument.
Some may tell you that “the bull market hasn’t started yet,” but if you want the truth, the bull market has started as early as late 2022, and…
It just misses the last impulsive (and most important) stage.
