The cycle repeats: Someday Bitcoin will outgrow its four-year price cycles. Until then, it’s “deja vu all over again.” In the bitcoin bear market of 2014-2015, the price gravitated to around $350 until finally capitulating to $200 and staying there for months. In the bitcoin bear market of 2018-2019, the price gravitated to around $6,000 until finally capitulating to $3,200 and staying there for months. And in the bitcoin bear market of 2022-2023, the price gravitated to around $28,000 until finally capitulating to $16,000 and staying there for months. In each of these cases, the price followed a similar pattern of a peak, a multi-month series of lower price highs and a final capitulation of over 40% that lasted for several months, staying true to the past trends.
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Avalanche (AVAX) And Monero (XMR) Poised for Bullish 2023, Orbeon Protocol...
Avalanche (AVAX) and Monero (XMR) are expected to have a bullish year in 2023, with AVAX recently seeing a small rally. Meanwhile, Orbeon Protocol...