What do you think if I tell you that, according to the BITCOIN Monthly chart, the current market situation is more like what happened in 2013 than what happened in 2018?
Yes, perhaps we have all taken the result of the previous halving as a reference without taking into account that in 2013, BITCOIN behaved "somewhat" differently, although the result was equally explosive nonetheless.
According to the chart, in 2013, BITCOIN finished a correction of more than 70% from its top, only to end up forming wave 4 of the bullish cycle and starting wave 5, which literally "flew" 2000%.
I'm not saying that this can happen the same, but maybe something similar.
In 2013 it was just over 2 months of correction, where the price went from $ 264 at its top to $ 63 at its bottom.
Then it had 4 months almost in a row in which the price reached $1230
If we were to make an analogy to today and to have similar proportions, BITCOIN should correct to below $20,000, what would happen next would be... crazy!
My guess is that BTC is going to behave similarly to 2013 price action, if so, July should be the month of the bullish continuation, in the meantime, would be great to accumulate as much stable coin as possible IMO.
*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
@toofasteddie