An Interesting BTC Fractal I Will Be Paying Attention To

8 Oca 2020

I recently read a comparison made by Tuur Demeester in which he described Bitcoin, in its current state, as essentially shaking off the barnacles of zombie ICOs, similar to how Amazon had a boom and bust during the tech bubble only to arise from the shadows of Pets.com and other vaporware to become the trillion dollar company it is today. If one subscribes to a long term BTC bull thesis (as I do) - this fractal will perfectly fit your narrative. All jokes aside, this analogue is fascinating, and it will be truly interesting to see how the reaccumulation phase plays out and whether or not the fractal shall continue to hold. Cheers and happy trading!