I am not describing the present occurrences of the market. This market since it has reached the bottom on 2022 has been more difficult to trade if we compare this to the bull markets during 2017 and 2021 where of bitcoin will be up 3%, all of the altcoins will pump more than 5%. On the bull market from 2023 to 2024, there will only be a few selected altcoins that will pump.
Also, it appears that the people are not very much excited on the development of the cryptospace. Everyone is treating this as something similar to a casino, this might by why only memecoins were in a real bull market before the memecoin bubble pop.
With appearances and participations, then manipulations of corporations, companies from Wall Street, Bitcoin market has become more manipulative than previous market cycles. In the last two years, it has been operating more like traditional markets and I see it as a new trend of Bitcoin market. I can not expect other trends than that with BlackRock here and surely more institutional investors from Wall Street will join Bitcoin market.
The four year cycle of Bitcoin market will continue because Bitcoin block halving every four years was set, can not be changed and it will continue to have effects, but in each market cycle, price will no longer be too bullish and parabolic like past market cycles.