If this weekly chart for BTC/USD did not have any labels, or if it displayed the period till August only, most of you would have mistaken it for the current chart of Bitcoin (BTC). Why do you think that is? The answer is simple. History may not repeat but it does rhyme. No wonder the price action for BTC/USD in 2014-15 appears to be a carbon copy of the current price action. On closer inspection, you might be able to tell a few differences, but nothing significant.
You are here: / / Bitcoin (BTC): History May Not Repeat Itself But It Does Rhyme
This site uses Akismet to reduce spam. Learn how your comment data is processed.