In your opinion do you think the current downtrend is significant in the grand scheme of things, at least crypto wise, or do you think we're still well into a bullish trend?
I realise that we can't be in the green forever, so how do you know exactly when we are in the bear cycle, before it actually happens, that is if we are not already in it?
We are in the bull run and it will last till 2025, we should expect the end of the bull cycle at the end of 2025 or at the beginning of 2026. Bitcoin is in a very good shape. We have seen two great bull cycles, one in 2017 and another one in 2021. Bitcoin hasn't risen this much and hasn't surpassed its ATH before. Usually, a bull run starts 6 months after the halving but because of many good events like Bitcoin Spot ETF approval and positive expectations for Donald Trump's victory, Bitcoin performed very well. I expect the real bull run to start soon, maybe in a few days or a few weeks. Bitcoin will reach its ATH this year and then the bubble will bust.
I assume that exactly 1 year from this day, the bull cycle will be finished.
Another scenario that I think is that there will be a small correction in the next 2-3 months and then it will rise again but I still hold it.