With the price of bitcoin hovering near $50,000, momentum has returned to the market and strong hands have accumulated more bitcoin than ever. A 2013- style double bubble is in the cards. The 2013 cycle saw the price of bitcoin draw down 75% from the highs before rallying a staggering 1,750% in less than six months. We aren't suggesting that the rally will occur again with the same performance, but rather an explosive “double bubble” within the traditional four-year boom-and-bust cycle.
The Daily Dive #052 - 2013 Style Double Bubble
The Daily Dive #052 - 2013 Style Double…
The Daily Dive #052 - 2013 Style Double Bubble
With the price of bitcoin hovering near $50,000, momentum has returned to the market and strong hands have accumulated more bitcoin than ever. A 2013- style double bubble is in the cards. The 2013 cycle saw the price of bitcoin draw down 75% from the highs before rallying a staggering 1,750% in less than six months. We aren't suggesting that the rally will occur again with the same performance, but rather an explosive “double bubble” within the traditional four-year boom-and-bust cycle.