$BTC In this analysis we're going to take a closer look at the three previous Bitcoin bull-markets, and compare them to the current one. To clarify, I calculated that a "bull-market" starts at the bear-market lows and ends at the bull-market highs.
As seen on the chart, the 2011 bull-market was an outlier. There was very little volume, which resulted is massive changes in price in a relative short amount of time.
The 2014 and 2018 runs look fairly similar. Both were very choppy for the first year, but ended up following a similar bullish path.
The white line, which is the current market, has followed a path in between 2014 and 2018, until we got the most recent BTC break out. In some sense, this makes 2022 an outlier.
Like I mentioned in my previous comparison analysis, Bitcoin and crypto are going to be fine. We're well on track towards the halving and the following bull-market.
Which market path do you think we will follow? Straight up like 2011, or a more gradual approach like last year? Share your thoughts đ
