Bitcoin has broken the all time high of 2017 and now it is around 19,000$. The worst part is that even on these level, we are not seeing any pumps and look like price may fall all the way to 10,000$ or even lower.
Once bitcoin was at 69,000$, who would have thought that bitcoin will go so low so fast ?
I think lots of seasoned traders expect this kind of market activity from the high volatility market of Bitcoin. It isn't a surprise that the price if bitcoin will crash this fast in the market. It had happened before so it is not surprising anymore.
Now what do think, where we are in terms of bitcoin cycle. I think we are already in th bear market since summer of last year and maybe the bottom/ end of bear market is near ?
I think we are nearing the latter part of the cycle. Even Bob Loukas said that the 4-year cycle of Bitcoin is coming to an end and a possible transition of the this 4-year cycle may happen somewhere between 2022-2023.