Cryptominati

Crypto currency enthusiasts have been on a rollercoaster ride, especially when it comes to Bitcoin. Lately, it seems like Bitcoin has been stuck in a sideways trend, setting a record for the most extended phase 2 period, almost 8 months and counting. But before you start worrying, let's delve into the patterns and understand why this isn't as alarming as it might seem. Bitcoin Phases Unraveled: Bitcoin operates in distinct phases, akin to the cycles of a rollercoaster. We've seen phases 1, 2, and 3 before, with phase 3 being the most distinctive due to its early mid-top and unexpected events, often referred to as black swans. However, the stretch between phases 2 and 3 is consistent across cycles, leading to these prolonged sideways periods that we're witnessing now. It's like a sandwich served cold, repeating every cycle. Image Source: Tradingview  A Look Back at 2019: In 2019, there was an attempt to skip this sideways transition, but it ended up being a 9-month j...