2/18/26 - Some Mid-Week Market Thoughts On Bitcoin! The Wednesday Morning Bitcoin Brief! 📊
2/18/26 - Some Mid-Week Market Thoughts On Bitcoin! The Wednesday Morning Bitcoin Brief! 📊
The Bitcoin fear and doom is wild. This happens every cycle, but people in both sides of Bitcoin acting like it’s crashed to all time lows the way they talk. We went from 69K to 15K in one year from high in November 2021 to November 2022, now we look to be doing same and so many people acting like it’s different, just like 20K to 3K from 2017 top to 2019 bottom & $1200 top in 2013 to $200 bottom in 2015.
I assumed the timing being a few months early in 2022 was FTX blow up pushing a bottom excuse forward. But maybe the cycle just shifted a bit. The Bitcoin maxis got what they have been begging for, stop alt coins following Bitcoin blindly, the price, only 80% move to a new cycle top from the previous. But all they sat on there podcasts saying this is most disappointing thing ever, they all claimed the 4 year cycle was dead but it’s alive and well for Bitcoin!
Truth is many maxis expect to see hyper growth we saw at $15 Bitcoin January 1st 2023 to $1200 in November 11 months later. This is ridiculous! The cap was tiny and now it’s trillion plus or so. Of course the % growth calms down as something grows each time!
I guess it's because a whole lot of people are into crypto in these last 4 years than ever, so the bias and fear has more quantity and strength.
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I'm short Bitcoin, and I don't know where the decline will stop. But I don't want a complete collapse and the 2022 lows.