Galaxy, a popular cryptocurrency analyst on Twitter, spoke about this possibility in a recent tweet, drawing a striking parallel between the two markets.
“We’re approaching the…mark which ended the 2015 bear market and if history repeats itself, we’re moving towards several months of accumulation and a new bull cycle starting mid-late 2019,” he noted while referencing a chart that shows the 2014 bear market which lasted until 2015,” Galaxy told his followers, also noting that the “future lies in the study of the past.”
If this theory turns out to be even remotely accurate, Bitcoin could see a long bout of sideways trading before skyrocketing back towards, or possibly above, its previously established all-time-highs.
0 Comments
Leave a Reply. |