I'm no expert, but there is an observation that is quite evident that I would like to share with you guys.
Why isn't this image working? I'm using the proper [tags] which is img and /img?
https://i.imgur.com/MC63QlV.jpgsources: https://data.bitcoinity.org/markets/price/5y/USD?c=e&t=l & https://data.bitcoinity.org/bitcoin/difficulty/5y?t=lIt seems that the only true bubble bitcoin had in terms of price compared to difficulty (mining being overly profitable and price of bitcoin being higher than its normal value in diffuclty) happened between 2013 and 2014, and price of balance relative to difficulty.
The last years however, price has been directly correlated to difficulty.
With difficulty expected to rise exponentially at this rate, prices are expected to keep going up as well.
Don't think this is just a bubble price, this is just the beginning. You cannot compare 5 year difficulty chart vs 5 year price chart and not see a correlation. Just look.
Don't sell!