We probably won't see bulls reaching 10x in BTC anymore. My expectation has reached a certain price saturation in the last 4 years. Now, with new entries into the market, bulls will experience 10x increases in which gold will be completely replaced. It is inevitable that this will end with the formation of a commodity BTC balance, just like the natural gold commodity balance. The biggest difference from gold is that the supply limit is close. In this case, although larger increases in value compared to gold are experienced on an annual basis, we can expect 10x increases to be replaced by 2x increases over time.

While the uncontrolled increase of minor coins is valuable in terms of the creative freedom of the market, on the other hand, it causes many valuable projects to go unnoticed and fail.

I think that under these market conditions, the bull periods will decrease in a few months. Therefore, I expect the bull to end around 150/160 000 USD in BTC. It is inevitable that we will think that a new bull cycle has formed instead of a false bull.