In every past BTC cycle 7 months before the halving has been a re accumulation range. Last cycle we crashed extra hard because of covid, but unless we have another covid around the corner we should be holding above 22- 23k no problem and going back to 30+ in to the halving.
Now this is the most painful time of the cycle. Crypto people call it a crab market. This means that your portfolio gives you some gains from time to time and then immediately you give those gains back. This goes on for 6 - 12 months.
These different parts of the cycles have a purpose so we can cleanse the people that dont believe and are here for the short term gains out of the market. Ones only believers and investors are left in the market we start the new bull cycle.
People who have been buying at the end of last year and throughout this year will have the largest gains at the top. And they deserve it because they have endured the bear and crab markets.
Now this is the most painful time of the cycle. Crypto people call it a crab market. This means that your portfolio gives you some gains from time to time and then immediately you give those gains back. This goes on for 6 - 12 months.
These different parts of the cycles have a purpose so we can cleanse the people that dont believe and are here for the short term gains out of the market. Ones only believers and investors are left in the market we start the new bull cycle.
People who have been buying at the end of last year and throughout this year will have the largest gains at the top. And they deserve it because they have endured the bear and crab markets.