All Time High looks inevitable. Bitcoin Tech Talk Issue #214
Last Sunday we had the 4rd highest weekly ever. Yesterday, we had the 3rd highest weekly close ever. We also had the 13th highest daily close ever on November 12, 2020. We’re getting very close to the all time highs established in the heady 10 days back in December of 2017.
The difference this time is that the ecosystem is very different and the market isn’t nearly as irrational. Google searches for Bitcoin were going crazy back in December 2017, whereas this time, there are few, if any searches. Retail, in other words, hasn’t entered yet with their customary FOMO.