Crypto trader and analyst ‘Daan Crypto Trades’ told his 382,000 X followers that this cycle is not like previous ones as BTC made a new high
A crypto analyst known as ‘Daan Crypto Trades’ has told his nearly 400,000 followers on Twitter that the current Bitcoin (BTC) cycle is unique compared to previous ones.
According to the trader, BTC made a new all-time high before the halving but has stalled since. However, he adds that the flagship digital asset is still ahead of where previous cycles would be relative to those highs.
“That’s why I feel like these past 6+ months are not that odd,” he said.
The Bitcoin correction from its all-time high currently stands at 25.6%, which is relatively small compared to previous pullbacks.
Bitcoin price movements this cycle (overlayed on previous cycles) and the massive bull continuation that followed after (suggesting this cycle is still early) Don’t panic, zoom out ??????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????
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