Forget 2017, this bull market may be more like 2013!
Most people have been comparing the current bull market to what happened back in 2017, and for good reason.
There have been a ton of similarities between the two bull markets plus the market structure is a lot more similar to 2017 than it was during the prior bull markets.
However, there are still some stats that are more like the bull market in 2013 than the one in 2017, including this one...
Bitcoin just had it's best Q1 since 2013 and put in its 6 straight month of gains...
https://twitter.com/DocumentingBTC/status/1377678653681758215/photo/1
- DocumentingBTC
The 6th straight month of gains is the second longest streak ever, dating back to.... you guessed it... 2013.
Back in 2013 it had the longest streak ever with 7 straight months of gains.
Where do we go from here?
While we don't have a crystal ball, we can look to past patterns to get an idea where we might go from here.
Judging by the above, bitcoin may only have another month or two of consecutive gains in it before it needs a pullback.
With April historically being the 2nd best month for bitcoin gains ever, it's hard to believe that pullback will happen this month.
However, once we get passed this month and possibly the next, we may see a month or two of consolidation.
The 2nd quarter as historically been very good for crypto, while Q3 has not been so great.
Which means, we could see bitcoin continued to do well this month the next month and possibly the following month before see a month or two of consolidation.
My guess is we see bitcoin hit $100k by July of this year.
It seems I'm not the only one who thinks that:
https://twitter.com/WClementeIII/status/1377977629438001158
- WClementeIII
The long term hodlers have stopped selling as well.
It's time to move up again!