Fun

Not so different after all

lieutenantdan - 2024-06-19 21:25:12

The price action thus far isn't unusual


Bitcoin has been going sideways for a while now, and some people think that is unusual.


It's not.


If we rewind the clock and look back at the price action after the last halving we can see that the price of bitcoin ranged between $9k and $11k for roughly 150 days.


Check it out:


image.png


(Source: https://x.com/QuintenFrancois/status/1803379352878367203/photo/1)


We are currently only 60 days post halving currently.


We could range for another month or two and still be right where we should be.


Buy the lows and have some patience.


End of the year and early next year is when things should get really exciting.