Hey, based on other cycles we always had during the year post halving a first way down and a first up, to then slowly crawl until the bottom at around October – November.
This still makes sense to me. I am just curious why the narrative is changing based on this spike towards 80k since this is still mapping quite nicely previous cycles, so a way down until October should still be expected.
Btw, I trust the market has changed, we are not in the same space, just challenging the fact that 3 months ago we all expected to match previous cycle behavior and this last pump seems to still match it quite well, and to me does not indicate the start to new ATH?
I just DCA every month the bits I can, so for me it doesn't really matter, but I'm simply not so sure we just hit year bottom?
Been here since 2017 and still got questions…
byu/sunnyBCN inBitcoin
Posted by sunnyBCN
1 Comment
Cycle theory is dumb imo, block reward is less significant these days.
We are tied to FED rates, wider economic outlook, risk-on appetite, M2 supply, wider banking adoption and the MSTR/STRC playbook.