Good day, dear crypto community! $BTC is striving for a new mark of 100k. Many have become interested in buying cryptocurrencies, especially new people. There is a lot of information on the Internet that the bull market has begun or is about to begin. Let's figure out for whom this bull market has begun and is it true? After reading this material, you will definitely be able to see yourself in it and understand who you are in the market and what phase you have arrived at, what you should prepare for. Let's go.

The Truth About the Bull Market

Let's start with what a bull market is.
A cryptocurrency bull market is a period of time in which asset prices are rising and investors are optimistic and confident of further growth. In such market conditions, demand for assets exceeds supply, which leads to an increase in their value.

Now it is important to consider when this bull market begins?
It's quite simple, it starts with a reversal and the end of a bear market, finding the bottom and pushing off from it.

Now many influencers, analysts, bloggers and so on are just starting to talk about the beginning of a bull market. There are also alternative opinions that everything is about to start falling and we are on the verge of the beginning of a bear market. Is this true? And where did that very bull market begin?

Let's figure it out.

There is such an interesting indicator MVRV Z-Score - this is an indicator that is used in the cryptocurrency market to assess whether an asset is overvalued or undervalued relative to its historical price

On June 30, 2022, I published the following post on my channel and other resources.

It was that very time when$BTC hit bottom and these were the best buys.
At that time, there was a complete decline, people didn’t care much about cryptocurrency at all, there were very few people in the market.

But this was exactly the time when you needed to buy Bitcoin if you had the task of buying at the best price and on time!

Then, 2 months later, on August 17, 2022, I wrote an article where there were already the first profits from this purchase.

At that time I had already determined for sure that the bull market had begun, it was a total capitulation of everyone and everything, and only crypto enthusiasts were already starting to make profits at that time. Read this short material, it will be useful for collecting a complete picture, which concerns you as well.

Let's move on. On May 7, 2023, Bitcoin was worth 30k, at that time in the channel I decided to publish PNL, to show people that everything was very good in crypto at that time and this was already a very bullish market.

In general, my enthusiasm is fading further and further, and I understand that it is definitely not my task to revive the market and arouse interest in people, so I leave to quietly research the market.

Then gradually everything started to come to life, and a year later in the spring of 2024, NOT and TON had already made a lot of noise and attracted an incredibly huge number of people to crypto with their projects. But BTC was already worth 60+ at that point. This time could not be missed, many interesting projects appeared and I understood that this could be shared with new people.

My channel is not a story about signals, about some promises or foisting off some dubious products. In the channel, I share my experience with the crypto community that has formed in it and write about those projects in which I participate first of all myself.

In August there was a market slump, which was a second chance for many people to buy BTC and other cryptos at a very, very good discount. This material was published. It was still possible to buy there$BTC at 49k and other crypto, which is also now in +%.
Congratulations to whoever did this.

I am quite an open person to communication and I answer many questions. In fact, openness also gives certain knowledge, I already have my own analytics of the questions that people write to me, and in what situation on the crypto market. And what I want to tell you, in general, everything is classic. When BTC approached the 80-90k marks, people began to ask me more often, especially beginners, those who did not have bitcoin before, "shouldn't they buy it?"

Very timely, friends)

This is exactly why I wrote this material and now I will simply throw a link to it when such questions arise so that a person can understand that at the cost of 100k per BTC, x5 of 20k has already passed since the start of the bull market. And the phase it is entering is far from the beginning of the bull market, yes, without a doubt, this is not the end, but it is definitely not the beginning, accordingly, you should not overestimate your expectations and think that you will be able to achieve the same results as people who survived the bear market and did not leave the crypto.

Therefore, it is impossible to give a short answer here, whether you should buy or not. I do not give financial advice, and let's be honest, what motivation could I have to do this?! Have you met many people who are interested in doing something for you and you earning?

There is only one open question now, how far can Bitcoin grow, there are no tangible levels on the chart where resistance needs to be broken, we are in an open flight to an unknown value.

This is how everyone is now drawing the future price, just with a finger in the sky, somewhere up there.

What is all this for? The main decision you need to make is whether you will be involved in crypto for a long time? Or will you disappear at the first gust of wind? - This is important because in any business, to achieve results, you need effort and time.
If you came to crypto for easy money, fast money, etc., then you can be sure that you came to get a haircut.
That's all.

For those who want to be part of our community, please apply to join our TCC chat, there will be a live trading session on November 22nd during the MEMEFI listing.
If you are a holder of our TCC token, you can share links to your referral programs in projects. Find me simply by nickname@Daosnik

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