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 «Financial 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 .
Bull trap
Return to "normal"
Fear
Capitulation
Despair
Return to the mean
Other (please, specify).
I don't know
Prefer not to say
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Despair
(30.77%)
4
/ 13
30.77% Complete (success)
Bull trap
(23.08%)
3
/ 13
23.08% Complete (success)
Capitulation
(23.08%)
3
/ 13
23.08% Complete (success)
Fear
(7.69%)
1
/ 13
Other (please, specify).
(7.69%)
1
/ 13
I don't know
(7.69%)
1
/ 13
