Once bitcoin was at 69,000$, who would have thought that bitcoin will go so low so fast ? 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 ?
It was actually already predicted that the bullish will last until the end of the last year. But most people were surprised because they didn't get another pump in the last month of that year. People think there will be a huge pump before the bullish ended, but nothing happened. I am sure there are many people who were disappointed since they were waiting for the Bitcoin price to increase above $69k. To be honest, I am also a bit disappointed because there are still some Bitcoin and altcoins in my wallet that were unsuccessfully sold last year. However, I think there will be another chance in the upcoming bullish season, so I continue keeping it. In my opinion, the decrease in Bitcoin isn't so low fast, it was predictable. But we expected too much for bigger profits last year!!
Bearish started since the early of this year (2022), but no one knows where we reach the bottom. I am not sure if this bearish will end soon, it should last till the next year (2023). IMO