There are four stages of the investor economic cycle.
Pre-recession
Recession
Post-recession
Pure Expansion
We are currently - Post recession.
Prices have stabilized after a long down turn from high sell offs which in turn increases the supply.
Recently, bitcoin has been stabilizing around the 6500 mark signaling the post recession faze which is always triggered by price stabilization after servere down turn.
Many high volume traders have accumulated their inventories (bags) either during sell off or at these stable prices (if during stable prices, just small accumulations in order to not upset the cycle).
After post-recession comes pure expansion as demand out weights supply, until we reach back around to price acceleration, re-entering pre recession.
Pre-recession
Recession
Post-recession
Pure Expansion
We are currently - Post recession.
Prices have stabilized after a long down turn from high sell offs which in turn increases the supply.
Recently, bitcoin has been stabilizing around the 6500 mark signaling the post recession faze which is always triggered by price stabilization after servere down turn.
Many high volume traders have accumulated their inventories (bags) either during sell off or at these stable prices (if during stable prices, just small accumulations in order to not upset the cycle).
After post-recession comes pure expansion as demand out weights supply, until we reach back around to price acceleration, re-entering pre recession.
