I can see that some of you are a little uncertain as to are we still in a bullrun, the price hasn't moved to the upside in quite some time and with that, a little fear has clouded your judgment .
Let me firstly tell you that altough history typicaly does not repeat itself, it sure does rhyme. If we follow that logic, from the previous bull cycles to now, we can clearly see phases in every run.
As you can see each phase starts when another ends.
With this being said, we can see that right now we are still in Phase 1, it is the time when all the money that goes into crypto rushes to $BTC as it is seen is the safe heaven. With Bitcoin being the biggest project and having the only ETF in the crypto space, it is a no brainer why the money goes there first.
Phase 2 however is the time when $ETH goes on a run, increasing its market dominance while Bitcoin and the altcoins take a backseat. That is when trust in the market is really being formed.
Phase 3/4 is when altseason officially starts, a period when the hype is at an ATH, trust in the market is strong and the people who made money from Bitcoin and Etherium start taking their profits and putting them in altcoins.
PS. In my opinion Phase 2 start with the approval of the Etherium ETF 💯
