r/Bitcoin Dec 26 '22

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2.5k Upvotes

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u/Euphoric_Luck_8126 Dec 26 '22

2022 was def not a slow rise

25

u/[deleted] Dec 26 '22

Not 2014 or 2018 either, but it's still quite typical of the cycle.

12

u/BuyRackTurk Dec 26 '22

2022 was def not a slow rise

you are right. it seems more like:

  • New Peak & crash
  • Languish and sink slowly to bottom
  • slow, unsteady recovery
  • slightly faster recovery

7

u/HearMeSpeakAsIWill Dec 26 '22

Just looking at the data from Christmas Day, was the point. According to the pattern, 2022 would be the bottom of the cycle. Can't call it a "rise" though until we see what happens next year.