Bitcoin breaking through $10,000 immediately brought with it the return of talk of new all-time highs. But the longer the cryptocurrency stays this far below the stock-to-flow model, the more likely lengthening market cycles become more plausible.
Here’s why a new all-time high may not happen in the crypto market for at least another year, according to one of the most accurate long term analysts in crypto.
Halving Just Hype? Here’s Why Longer Bitcoin Cycles Mean No New ATH Until 2021
The crypto market is a strange beast. The regulation-light, wild west atmosphere is amplified by braggarts hiding behind pictures of animals and using pseudonymous names on social media.
The crypto industry was built on transparency, but also privacy. Even Bitcoin’s creator went by a pseudonym, and the world may never know who exactly was responsible for one of the most revolutionary financial technologies ever to exist.
But much like Satoshi’s accomplishments and contributions shouldn’t be any less valuable as a result, there are many diamonds in the rough among the sea of mysterious traders.
Related Reading | This Unique Perspective Makes It Clear Bitcoin Cycles Are Lengthening
Few analysts have had the track record of success that crypto analyst Dave the Wave has. A perfect call for a bounce at the 200-week moving average put in Bitcoin’s bottom in early 2019. He later warned that Bitcoin was way ahead of schedule as the