On the other hand, we have all the positive fondamental from the BTC side : ETF, GAFA owning BTC (corporate or individuals), legal tenders started in Central-South America... And if we are honest, on 2015 or 2017 we even didn't think about these points. So should be VERY bullish now IMHO.
HODL.
WE also have various BTC price prediction models of stock to flow, four year fractal and exponential s-curve adoption based on networking effects and Metcalfe principles that would suggest that we have not experienced any kind of significant or meaningful blow off top, yet... so having the 56% correction in May/June/July and then revisiting the ATH.. seems to lend quite a bit of credibility that the UPside movement of this here little party cycle has not quite come close to playing its course, yet... So those kinds of factors should be taken into account, including the fact that experiencing 10% to 15% to more than 30% corrections (even during the upside portions) of a bull market exponential UPpity price periods has not been unusual happenings in bitcoinlandia.. even to shake out a decent number of weakeling and whiny hands along the way.. and sure the smarter of them might just shave a little off in order to not be too overloaded in BTC, but for sure, there are always a decent number who end up selling too much too soon.. and speculating that they sold at or near the top when then end up selling somewhere below 50% (and sometimes even 25% or lower) of what ends up being the actual top, so when bitcoin goes the remainder of its way UPpity, they have either no coins or hardly any coins to sell on the way up. Happens every cycle, even to some seemingly smart HODLers.
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I am mostly agree with you. The only point I am not agree is : there is a big difference between doing 10-15% or 30%+ corrections in a bull market BECAUSE we had a huge upside before. Of course we had these kind of down in the previous bull market cycles but we made at the same time much higher multiple of BTC price.
What I see on this run is that we go up quite slowly (and smaller multiple) BUT we make the same % of correction than the previous more explosives bullrun.
What I see too (and probably the good part) is there isn't any FOMO yet, we made very shy new ATH and we are staying not so far on the previous one. Should be strange to TOP the bull market on this kind of situation (even if we never know). Don't know if it's relevant, even the google trend (worldwide) on Bitcoin keyword is still very low.