What Stage of the Market Cycle is Bitcoin?

Asked by cryptospa Promote - View in Hive.blog - Audit

Hello my fellow Steemians and crypto enthusiasts!

In your view what stage of the market cycle Bitcoin is?

In this chart you can see the main stages of a ┬źFinancial Bubble┬╗ (a Price Bubble). Many financial analysts use this charts. Also you can find it in the books about investments, financial valuations models, market cycles, etc.

This is the current price of Bitcoin on 1 day chart:

*p.s. I wrote about these stages of the market cycle 2 months ago. You can read my post.

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Despair (30.77%) 4 / 13
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Bull trap (23.08%) 3 / 13
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Capitulation (23.08%) 3 / 13
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Fear (7.69%) 1 / 13
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Other (please, specify). (7.69%) 1 / 13
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I don't know (7.69%) 1 / 13
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