Prediction evidence

Cr

Jelle

@CryptoJelleNL

This bear market was not like the others. Not only was it much shorter than the usual bear market, but it also bottomed significantly higher than it usually does. In fact, $BTC never even made it below the 0.618 retracement. Many people have chalked this up to diminishing returns, and the shallower bears that follow from that - but they forget that Fibonacci retracements are already based on returns of a bull market. This sudden demand jump suggests there is now much more capital willing to buy into a harsh bear market. It underlines how BTC is maturing as an asset class. With time, I'm expecting BTC to behave more and more like the stock market, with shorter, shallower retraces, and longer, gradual periods of expansion.