Heres a familiar looking bitcoin chart showing price decline from last December’s peak all the way down to about $435 where we are now at time of writing.
Another large 10% drop is currently in progress! Note we are rapidly closing in on my 3rd support level at about $400. Perhaps some support will be found there… perhaps.
Meanwhile heres silver on the Comex showing price decline from April 2011 peak.
Silver is close to resolving a wedge its been in for quite some time.
While I’m at it, this is what gold is looking like.
Did you spot the difference? They look pretty similar, only real difference is bitcoin is compressed into a much smaller timeframe. No real point to this comparison but similarity is kind of interesting.
When is bitcoin going to go up.. I capitulate.