3.14 Significance and March
On the one-month chart, I have highlighted a two-year bull run on Bitcoin compared to the NASDAQ during 1998-2000. It is interesting to note that March has always had fascinating price action; price will generally pivot or form a bottom or top at these price levels. The significance of Pi is evident even on a calendar.
Bitcoin's rise and fall parallel the Dot-Com Bubble more than ever, with insolvency being the last stage of confirmation. We can expect a much longer bear market ahead of us. A major bull run will not return to the market until a longer term of stability is reintroduced.
Although we can see exponential moves up, a real bottom can take a couple years. A linear chart highlighting March on the NASDAQ is shown for comparison.
I’ll allow the readers to form their own opinions.
Bitcoin's rise and fall parallel the Dot-Com Bubble more than ever, with insolvency being the last stage of confirmation. We can expect a much longer bear market ahead of us. A major bull run will not return to the market until a longer term of stability is reintroduced.
Although we can see exponential moves up, a real bottom can take a couple years. A linear chart highlighting March on the NASDAQ is shown for comparison.
I’ll allow the readers to form their own opinions.
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