Post
Topic
Board Bitcoin Discussion
Re: Did Bitcoin Disappointed You ?
by
Iranus
on 03/07/2022, 18:32:48 UTC
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 ?

After Bitcoin hit its all-time high in November 2021, we're in indeed bear season and then a series of drops, but not too severe so people still believe that the bull season is not over yet and $100k is the ATH we hear the most at that time.

Personally, I think we really ended the bull cycle as soon as BTC hit $69k.

This cycle will not be too different from the past, the bear season lasts from 3 to 4 years and maybe longer because at this time we are also facing a world economic recession.