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The cycle begun too early due to the monetary policy
In November, I assumed that Bitcoin would reach $64,000 as a new ATH. What did not happen: the correction.
A healthy bull market requires corrections. Bitcoin didn't have a single correction until it hit the ATH when the cycle began in May 2020. What didn't happen: the money printing machine.
Bitcoin is now in a short bear market with a possible low at 20k given the Wyckoff pattern. After that, we should all buckle up as the real parabolic cycle will start after this short bear market is over.
A healthy bull market requires corrections. Bitcoin didn't have a single correction until it hit the ATH when the cycle began in May 2020. What didn't happen: the money printing machine.
Bitcoin is now in a short bear market with a possible low at 20k given the Wyckoff pattern. After that, we should all buckle up as the real parabolic cycle will start after this short bear market is over.
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