If you refer back to my previous chart "Bitcoin - The idea that we can create a new Money" there is an observation of how disruptive ideas gain traction and integrate, and how the Bitcoin chart reflects that rate of adoption.
This chart reflects that rate of adoption curve ( the green line ) as a baseline for how Bitcoin gains traction. We're currently in an "Embracing" phase, above the Green line and the rate is a bit hyped - measured against the previous enthusiastic climb on the last rise. ( indicated by the gold line )
Bitcoin is trying to break out, but it seems it's stepping outside of it's healthy rate of adoption - there's not enough juice out here. More correction may be required than has recently been accepted before we continue.....
This chart reflects that rate of adoption curve ( the green line ) as a baseline for how Bitcoin gains traction. We're currently in an "Embracing" phase, above the Green line and the rate is a bit hyped - measured against the previous enthusiastic climb on the last rise. ( indicated by the gold line )
Bitcoin is trying to break out, but it seems it's stepping outside of it's healthy rate of adoption - there's not enough juice out here. More correction may be required than has recently been accepted before we continue.....