This post won't get many reactions, but I'll tell the truth that most experts are currently avoiding.
Bitcoin and the cryptocurrency market have almost reached the maximum values of their 4-year cycle. I believe that 80% of the cycle has already been completed. However, this is not the time to be upset, because now the famous 80/20 rule comes into play - the Pareto principle, which also works great in the cryptocurrency market.
The last 20% of the time will bring 80% of the profit. By most metrics, right now is the time when the market is growing the fastest and strongest. This happens once every 4 years. However, the maximum of the cycle is very close, although this period can last even half a year or more.
According to this development, Bitcoin's potential highs are in the $107,000 - $145,000 zone. In the past, the price has often even exceeded these values and risen a little higher. This may well happen in this cycle. The zones are dynamic and may grow a little more - for example, to the level of $173,000, which, in my opinion, is quite possible in this cycle, after which a long bear market will begin with a fall of all cryptocurrencies by 70-99%.
If everything is more or less clear with Bitcoin, what about altcoins? Everything is getting more interesting here. Altcoins have been in the accumulation phase for almost 4 years and have not shown anything yet. However, as in past cycles, they grew the most strongly at the last moment of the cycle.
And what do you think will be the new high for Bitcoin in this cycle?
