I saw an analysis' posted on twitter by Rafael Schultz-Kraft and Geert Jan Cap that puts us in the lower end of the bull cycle and felt I should share on here.
Last bull market BTC was @ $8500 at the current Market cap:Thermo cap level
Price increased 135% to the top in a month
From the current price 135% is $110,000
To see a better chart of this go the Rafael's twitter to get the full view with current Market cap:Thermo cap data
Nice analysis as a fairly new crypto trader, but longtime investment fund manager I find it more predictable to follow the capital flows in relation to patterns, rather than make an analysis based on market news and industry narratives