The inertia of the bull market cycle is long. In the last bull market, at the beginning of 2021, it was over $40,000, and by the end of the year, it was still $40,000.

In this bull market, we also need to be mentally prepared for next year, expecting over $100,000 at the beginning of 2025, and still around $100,000 by the end of the year.

The distributed interest rate cuts provide a long enough time for the market to hold its peak, which is normal as most people exit at the top and then continue to re-enter.

As long as the favorable distributed interest rate cuts remain, with continuous money printing flowing into the market, it will be difficult for the market to officially enter a bear phase. If Bitcoin stabilizes at a certain high level next year and continues to hold the peak, then next year will still be a world of value B and garbage.