What stage do you think the cryptocurrency market is in now?
A classic bull market has three waves. Currently, Bitcoin and Ethereum have two waves, while the altcoins have only one wave, which means that the bull market has officially started and a large wave has not yet started. There are still many garbage waves that have not started. They only have one or two large waves in a bull market.
The relationship between Bitcoin and altcoins. In the third bull market in 2017, Bitcoin and altcoins peaked in December, while Ethereum and altcoins peaked one month later. There are also many altcoins that peaked in the famous 94 crash, which means they peaked in early September.
In the fourth bull market in 2021, Bitcoin and Ethereum both peaked in November, a small number of altcoins peaked in February, and many peaked in May after the crash.
In the second bull market in 2013, Bitcoin peaked in November. At that time, there was no Ethereum, only Bitcoin and altcoins. At that time, only Ripple and Litecoin are still alive among the altcoins.
Regarding the mid-term correction, in the 2013 bull market, there was a time when it was too crazy and caused a collapse of 80% in a few days. The Shanzhai must have returned to the grandmother's house.
In the 2017 bull market, Bitcoin pulled back several times, and the most was only 40%. The Shanzhai 94 was a big crash, and 90% was normal. The Ethereum pullback was not severe. The big pullback in the second half of 2016, Ethereum fell deeply, not to mention the Shanzhai, which bottomed out in December from the high in June.
In the 2021 bull market, although Bitcoin and Ethereum did not pull back much in September 20, and did not last long, the Shanzhai adjusted for several months, and adjusted deeply, even when Bitcoin was hitting new highs. The next was the 519 crash. Although it only pulled back for more than two months, the Shanzhai had a deep pullback, and Bitcoin was more than halved.
There will be a big bull market in 2025. In mid-2024, the decline of Bitcoin and Ethereum will not be too deep, and the altcoins have already made a big correction. History has never changed. In the fourth quarter, the second wave will surge again, and then the altcoins will make deep adjustments, and many will peak.
In the first bull market, Bitcoin surged in one year, and it took two and a half years from its birth to its peak. In the second bull market, it took 2 years and 1 month from bottoming out to peaking. In the third bull market, it took two years and 11 months from bottoming out to peaking. The fourth bull market is the same as the third one. The fifth bull market, this time, how long do you think it will take
