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And what is the difference? So far, we are repeating the events of the previous cycle. For example, at the end of 2017, we reached ATH, then there was a strong sell-off, then a recovery, and after May, Bitcoin continued to fall. What happens in this cycle. At the end of 2021, Bitcoin reaches ATH, then there is a strong sell-off, and now there is a recovery. The one-year candle is now in the red range, as it was in 2018.
There is a possibility that this year will also end in a bearish cycle.
The things you said are true but the market has grown than it was 4 years ago, i am also expecting a major correction but there are multiple factors that are in play we did not have in the past, including institutional investors who is holding billions of dollars worth of cryptocurrencies and if anyone of these institutional investors think about booking their profit then we will see the market going for a major correction, till now they are selling off strategically rather than dumping everything and then another factor is the global financial sector where everyone is expecting major inflation and i am curious what the investors will do during these situation, where they will go after gold or they will set a portion for the cryptocurrency market as well during those situations.