Is the bull run over and have we seen the cyclic peak in price?
It is my contention that the SARS-CoV-2 virus that was unleashed on the world has had a pronounced effect on the psyche of the retail investor, their appetite for investment risk and as a result, has significantly muted the growth of BTC in this halving cycle. So much so, in fact, that we may not have recognised the market peak.
We saw the impact of Covid across Feb/Mar 2020 when BTC dropped a calamitous 62% in 3 weeks, but we have mostly discounted this as an anomaly, instead of factoring in the impact of Covid on future outcome expectations.
The case for the peak of the BTC bull market being $69k:
The case for only another 23% decline:
What do you think? Are we past the peak and now wading through the mire of a bear market cycle? Where will the bottom be? How long will it last?
It is my contention that the SARS-CoV-2 virus that was unleashed on the world has had a pronounced effect on the psyche of the retail investor, their appetite for investment risk and as a result, has significantly muted the growth of BTC in this halving cycle. So much so, in fact, that we may not have recognised the market peak.
We saw the impact of Covid across Feb/Mar 2020 when BTC dropped a calamitous 62% in 3 weeks, but we have mostly discounted this as an anomaly, instead of factoring in the impact of Covid on future outcome expectations.
The case for the peak of the BTC bull market being $69k:
The case for only another 23% decline:
What do you think? Are we past the peak and now wading through the mire of a bear market cycle? Where will the bottom be? How long will it last?
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