Still 5 months more?
No one said that this Bull-Cycle was going to be exactly the same as the previous ones but, despite the fact that BITCOIN is losing dominance, the total Crypto Market cap is breaking ceilings day after day, which is not much like what happened in the previous cycle.
In the previous cycle, in the so-called altcoin season that came after BITCOIN reached its highest point, both BTC and the total market cap were losing steam.
Today, this is not happening, FIAT money continues to enter the market and BTC is gradually losing dominance.
This is a new phenomenon in my opinion. It is possible that some large miners and big whales are already selling part of their possessions, but this time, in a more sustained way, without abruptly interrupting the market.
What seems to me is that BTC is working on the formation of its wave 4 within the bull market. The monthly RSI has not yet touched its previous highs in which BITCOIN collapsed for what appears to be a correction or, rather, a healthy consolidation of the market.
There are still at least 5 months of bull market if we trust the previous history and BITCOIN can still reach unsuspected heights at this time... can you imagine what many of the other crypto will do then?
*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
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If you assessment holds true then we're heading towards a crazy ride to the top. It will truly be exciting if it happens
It will be a dream
Can't wait to witness it
We haven't yet entered the mania phase that's for sure. The regular pumps that we have across the board look more like the ICOs pumps from 2017. When everyone will start look at Mars instead of the moon then we will know we're close to the top. When every moron will talk crypto and teach others about crypto we'll also know we're close to peak. We haven't yet reached that level. I am also expecting the unpredictable and the fact that this bull market could be slightly different than the 2017 one.
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Yes, we have not reached that point for sure yet
5 more months? Amen to that, especially for the altseason