#CryptoMichNL
#BTC_Update
Bitcoin has ended the accumulation phase and enters the first part of the bull cycle
This is the first year of the bull cycle, as it's quite clear that we've finished the bear market.
Altcoins are heating up and Bitcoin has broken through the $30,000 barrier. What's next?
The markets are trending through several cycles and these cycles are typical for crypto. They take four years and can be qualified into several categories.
- Bear market. = Red
- Accumulation year. = Green
- Bull phase 1. = Purple
- Bull phase 2 (the mania period). = Green
The bear market year was November 2021 - November 2022 and hit the bottom in November.
The accumulation year took place since then, through which the current month is the end of the accumulation period.
After that, a year of bull phase 1 occurs, which is often a period where Bitcoin slowly grinds upwards, but doesn't break the all-time high. This takes place in the second year of the bull market.
What about #Altcoins?
They'll do really well. Actually, most of them have seen the end of the bear market as well.
As long as Bitcoin doesn't go vertical (which isn't the case during this period of the cycle), altcoins start to wake up substantially and can pull a 5-10x already.
That's the first stage of the cycle. In the previous cycle, we've seen Chainlink rallying towards the ATH in a BTC pair, as we've had DeFi Summer.
During the upcoming Spring / Summer, I'm sure we'll have a new case of markets trending upwards, but at this stage, if you don't have positions in most of the altcoins, it's the period to do so.
As you can see, the purple bull phase 1 stage is where the altcoins are starting to flourish as the BTC pair starts to drop substantially.
This will only accelerate into the phase 2 stage.
Choose your altcoins wisely.
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