In the short term, Bitcoin will always trade in a manner the crowd least expects:

1. The $BTC price had never dipped below the all-time high (ATH) price of the previous cycle, but it did in 2022 when it dropped to ~$15.5K, whereas the ATH of the previous cycle was $20k. ✅

2. The price of $BTC had never surpassed its previous ATH price before the halving, but it did in March of this year when it advanced to ~$73K, higher than its previous ATH price of $69K. ✅

IMO, these two are also going to play out...

3. Most people expect altcoins to outperform $BTC in the bull part of the cycle. However, I see that as unlikely as crypto faces increased regulatory scrutiny following the FTX, Luna, etc. collapse. Also,BTC is the only crypto asset that has an ETF.

4. Most people are expecting there to be another typical 4-year halving cycle, with the price topping out sometime in 2025. IMO, BTC price may be 'up only' for the next several years. ETFs unlocked massive demand from passive buyers that create a constant bid for Bitcoin    no matter what the price. For reference, gold's price increased for 7 years consecutively following the introduction of the gold ETF.

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