/biz/ - Business & Finance

>>54664317
Not really. Pic related is entire history. You can clearly see it started off in an accumulation range after being whipped about with the tide in the 2017 bullrun.
From there after the year long accumulation range, it started to break out. At that point post google/coinbase it corrected. It went sideways as traders got out. Then it started its blow off the top to $20(I remember in 2020 feeling it was way ahead of expectations hitting it so fast). Naturally it would have corrected 80% or so there but its clear it had a second zombie pump to $50 dragged up by BTC. That was the entire market cycle slightly skewed by BTC.

We’ve had that 80-90% correction now and a year long flat dead/accumulation phase. Things take time. The btc dumps are obviously accumulating, cant last forever. The cycle will repeat.