Things aren't as unexpected as they might seem...
When watching the day by day and even week by week price action, one might start to think that the price movements are completely random and unpredictable.
While there me be some truth to that, the bigger picture is not nearly so random.
Below is a chart of a typical bear market compared with that of bitcoin...
Check it out:
(source:
As you can see, the price action of bitcoin has mostly followed a pretty predictable bear market.
If this pattern holds up, bitcoin is likely to leave the bear market in the very near term...
In fact, this pattern would imply that the lows are in and the path upward begins imminently.
While I am not ready to for sure call a bottom, the pattern is hard to ignore.
Hopefully it continues to follow this pattern and work its way higher from here!