Watch the relationship between channels and how once a channel is broken either way a new game begins or ends !!
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Check The 2013 top at 1150 $ once the upper channel top and how it became the genesis channel dip around march 2017 starting a new game to the moon !!!
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just to note that BTC had massive bounce to the blue channel and stayed there due tehcnological innovations (CPU-GPU mining 2011-2012) - (GPU-ASIC mining 2013 -2014) also transaction volumes vs adoption , usecases (payments etc..) were very high compared to the current sistuation..
BTC needs a new TECHNOLOGICAL TRIGGER according to historical data and Gartner Hype cycle theory to get back again to the green channel and beyond !
BTC needs a new TECHNOLOGICAL TRIGGER according to historical data and Gartner Hype cycle theory to get back again to the green channel and beyond !
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the introduction of segwit and news of wall street adoption in 2016 triggered an INFLATED EXPECTATION (check gartner hype cycle) that PEAKED around 20K ..
