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?
Nobody knows exactly when a bear cycle or a bull cycle will occur, Everyone is just trying to analyze, so it can be right but also the opposite.
But I still believe that currently it is still a bull cycle, in the next few months it will still be in the same period, and will start to change when entering the end of the year.
When Bitcoin declines we do wonder if the bullish period is over, we can look at the history of the previous 4-year cycle and analyze the same thing happening or at least approaching.