Market performance for #BTC since the cycle high is also strikingly similar to both the 2013-17 and 2017-21 periods. Note that here we use the April 2021 market top as the cycle peak, which we argue is a better reference point for comparing cycle duration.
🔴 2013-17: down -42% from ATH 🔵 2017-21: down -39% from ATH ⚫️ 2021-23: down -37% from ATH
This is on the basis of a very broad spectrum of metrics which signaled that this was the zenith in market sentiment, adoption rates, and investor confidence
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Market performance for #BTC since the cycle high is also strikingly similar to both the 2013-17 and 2017-21 periods. Note that here we use the April 2021 market top as the cycle peak, which we argue is a better reference point for comparing cycle duration.
🔴 2013-17: down -42% from ATH
🔵 2017-21: down -39% from ATH
⚫️ 2021-23: down -37% from ATH
This is on the basis of a very broad spectrum of metrics which signaled that this was the zenith in market sentiment, adoption rates, and investor confidence