History cannot be repeated, but it is always surprisingly similar. Looking back at the bull market in 2017 and 2021, each bull-bear cycle is accompanied by the time of Bitcoin halving. According to this rule, 2025 will be a crazy bull market, and 2026 will enter a bear market.
The bull market will probably be divided into the following stages:
1. BTC dominance rate rises, blood-sucking cottages, BTC and Bitcoin ecology will continue to be strong.
2. ETH relays all the way, and hot cottage coins rise along with Ethereum, such as AI, Web3, L2, chain games, metaverse, new public chains, BTC ecology and other tracks.
3. All coins rise, and assets double in a sleep. MEME performance season, local dogs are flying all over the sky, and FOMO reaches its peak.
4. The whole line collapses, mainstream coins retreat sharply, cottages plummet, local dogs return to zero, and enter this round of bear market.
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