Some quick comparisons to last cycle and this cycle,
Timing compared to last cycle shows we are in the date range for the bear cycle to be confirmed.
Points of similarity's:
-Halving may have significant impact in timing to reach ATH again
Points of difference:
-Last cycle didn't have as large of a 'false bottom'.
-Confirmation of bear for last cycle was on month 3 (%70 drop). We can see confirmation by the end of this month, maybe even next month.
Timing compared to last cycle shows we are in the date range for the bear cycle to be confirmed.
Points of similarity's:
-Halving may have significant impact in timing to reach ATH again
Points of difference:
-Last cycle didn't have as large of a 'false bottom'.
-Confirmation of bear for last cycle was on month 3 (%70 drop). We can see confirmation by the end of this month, maybe even next month.