In 2013 we had a bull run but at that time bitcoin was not known to me. I myself saw the 2017 bitcoin bull run and then we had a massive altcoin bull run. We were expecting the same to happen in 2021 but it did not happen. Some people say that bull run is delayed and some say that next bull run will be after the next halving in 2024.
I sometimes think that bitcoin and crypto market are now matured and we may not see extended bull or bear runs. Bitcoin will reach a hunderd thousand dollars or more but it won't be a parabolic move. What are your thoughts on this ?
Bitcoin is now going to be mature or we can say the bitcoin traders and users are going to be mature as they are learning that at the end bitcoin will win. So now the parabolic move is going to be smooth with time and with some time we will see a smooth upward trend.
The crypto is the game of bull-bear, if there is no bull-bear then people wouldn't be interested much here. We can't predict exactly what will happen near future, who thought back 2 years Bitcoin would touch almost $68K? It was the bull. But at the moment we are in bear mode. There are various reasons behind it. But not much dip we can see. Because once Bitcoin dump to dip, more investors accumulate it. That's why it's been stable above $30K lately. But don't concentrate too much on what people say always. Think yourself and research more to make the right decision.
People are interested not because of bull-bear run but people are interested when only bull run occurs. The bear market often make many new comers afraid.
In the trade pattern which you discussed is because when the price come a little back many people start selling in which the top traders also sell which give a deep bear run and at some level when all non expert people sell then the top traders buy back at bottom which recover the price. If everyone will hold then the price will not move at much extremes.