It sounds like you're analyzing Bitcoin's price cycles using the rainbow chart as a reference. If this cycle is indeed lengthening, that would imply a slower but more sustained price increase, potentially delaying a new all-time high (ATH) until later. Some argue that diminishing returns and extended cycles are becoming the norm, meaning the explosive gains of past bull runs may not be as extreme.
Are you expecting this cycle to peak in 2025 or even later? And do you think macro factors like interest rates and institutional adoption will play a bigger role this time?
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