Bitcoin has NEVER had two consecutive bearish years, we should expect a Bullish 2023 if history repeats itself
Bitcoin has NEVER had two consecutive bearish years, we should expect a Bullish 2023 if history repeats itself.
Bitcoin's yearly candle trend has always favored HODLers or risk takers who buy the dip during the bull run, as Bitcoin has never had two consecutive years with an overall bearish run or market condition, so based on that logic or fact or findings we should expect a very profitable year ahead of us in this 2023 if history should repeat itself like it has always done, although no one knows best or knows it all or know what will happen next in the crypto market.
So we just predict and speculate what will happen next in the crypto market with the information available to us and based on history the crypto market seems to follow a pattern of 3 consecutive Bullish years then one Bearish year then another 3 consecutive Bullish years on repeat, if you doubt me look at your chart or the image of the Bitcoin yearly candle trend below.
I know a lot of people would say that the past does not necessarily determine the future, yes, I agree with you because it is true but also remember this that the past does not necessarily determine the future does not mean we should ignore it or dismiss it just like that because the past is a guideline or blueprint of what could possibly happen in the future, for instance, the whole technical analysis we do today to determine or predict the next move or direct of the crypto market.
I'm talking about price action which has made a lot of crypto traders and investors rich or profitable is all base on what happened in the past because before we buy or sell any coin we always check the chart to find previous support and resistance levels, so with that being said do you still believe that the past holds no water or ground and can not determine the future?
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