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If we index the #Bitcoin price performance (black) since the April 2021 ATH (where we argue bear market sentiment set in), we can see a remarkable similarity to the prior cycle (blue).  By both duration and distance from the April 2021 peak, the market is in a near identical spot to December 2020 relative to the 2018-21 cycle. $BTC #ATH

If we index the #Bitcoin price performance (black) since the April 2021 ATH (where we argue bear market sentiment set in), we can see a remarkable similarity to the prior cycle (blue). 

By both duration and distance from the April 2021 peak, the market is in a near identical spot to December 2020 relative to the 2018-21 cycle.

$BTC #ATH

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