Not so long ago, I wrote that - when comparing to the 2013 Bubble(s) - Bitcoin is by no means in a bubble yet.
Meanwhile, Bitcoin managed to hit $5,000 with no end in sight. Although the past is no guarantee for the future, the 2013 bubble presents valuable information to see whether we are repeating this prior bubble or not.
Well, the charts clearly indicate that this is not the case
source: www.bitcoincharts.com - edited with Paint 3D
The highs in the PVI indicator of 2013 are by no means near at this moment. Also, Chaiking Volatilty (on the weekly chart) has barely moved upwards:
source: www.bitcoincharts.com
This means that from my perspective, the Masterluc scenario still has a chance of materialising. But let's see what happens:
Happy Steeming