If this is a top in BTC, it really will be different than all other recent tops

in GEMS4 years ago

This time isn't different

Some are still convinced bitcoin is putting in some kind of local top, but if that is true, it would be different than all other tops we have seen in BTC lately.

The tops in bitcoin have seen some similarities in the way the tops happen.

You can see more about what I mean here:

image.png

(Source: https://twitter.com/ByzGeneral/status/1279821873832964100/photo/1)

As you can see, we didn't get to the same levels we got to every other time bitcoin has topped out recently.

We didn't see nearly the amount of euphoria we saw during those tops.

That could certainly change but I don't like betting against trends.

For that reason I say this is just a pause before a continuation higher.

What do you say?

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