Price and hash rate correlations during bitcoin bear markets. 2011: 0.34 2013: -0.49 2014: -0.78 2018: -0.76pic.twitter.com/ql4aMjyp6g
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In traditional markets that aren't exponential in nature it's a decrease over time of 25% or more right? That doesn't work for bitcoin.
Is your disagreement mostly semantic? Would you prefer "bearish trend"?
No. Zoom out or pick different arbitrary dates. It's not bearish.
what would make you say “okay that’s bearish”?
Significantly breaking the Feb 5th low.
strap onto your seat belts
as in I think we’ll break the Feb low
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