@stewbits22 14 March 2022 more from that month

I was speaking to a friend about Bitcoin the other day who is not that interested in crypto. I asked her what she thought of the Bitcoin price right now. She said Bitcoin is always going down in price and she would rather hold her money in the bank. I thought about this and had a look at the charts. Sine 2009 Bitcoin has only spent 44 weeks above the price it is now. I don't think that is very bearish. Also the various new all time highs get set in a very narrow time range. A strong run up of 3 months to a new all time high and then it takes months to a couple of years to the next one. This type of price action does not sit well with human psychology.