MarkHarvey on Nostr: Comparing major #Bitcoin cycles: All time high, to bottom, back to the all time high. ...
Comparing major #Bitcoin cycles: All time high, to bottom, back to the all time high.
This cycle, Bitcoin experienced its most mild drawdown ever (-77%), despite the Fed rapidly increasing interest rates from ~0% to 5.25%, major crypto exchanges blowing up, and a regulatory crackdown on crypto.
It has been 603 days since $BTC has seen an all time high, and there is only about 297 days left until the supply halving.
Published at
2023-07-04 00:19:13Event JSON
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"content": "Comparing major #Bitcoin cycles: All time high, to bottom, back to the all time high.\n\nThis cycle, Bitcoin experienced its most mild drawdown ever (-77%), despite the Fed rapidly increasing interest rates from ~0% to 5.25%, major crypto exchanges blowing up, and a regulatory crackdown on crypto. \n\nIt has been 603 days since $BTC has seen an all time high, and there is only about 297 days left until the supply halving. https://nostr.build/i/989171152d45085e48d79012ec22c2fb8ffd9ddc4be051e928530bd2c95a0c51.jpg ",
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