In the last cycle, we saw $BTC
create a new ATH, then dump almost to the $30K range before pumping again and breaking its ATH.
The time when BTC hit a new ATH (All-Time High) and then dumped to the $30K range was between November 2021 and June 2022.
November 2021: BTC reached nearly $69K, setting a new ATH.
Early to mid-2022: It then gradually dumped below $30K, even hitting $17K in June 2022.
2023: BTC slowly recovered and caught a new bull trend.
I think the pattern are repeats, BTC might take another dip before breaking its ATH again. However, the current market conditions are very different from 2021, as ETFs, institutional investments, and macroeconomic factors now play a much bigger role.
But one thing....
This time, a similar pattern is unfolding—ATH break followed by a dump. If history repeats, we might see another ATH break after some more bloodbath…!
Also, those claiming that only BTC is rallying and ALTs haven't moved must have missed $SOL
Solana's run from $8 to $295! Besides Solana, projects like INJ, FET, $OM
, and Virtuals have pumped massively. For them, this was the bull run! Not to mention the degen plays—countless projects have done 100x overnight!
We might witness similar runs again soon! However, this time, conditions are entirely different, with many new factors at play that weren’t present before.
But remember—bull run doesn’t mean everything you buy will pump! If that were the case, everyone would be a millionaire!
So, choose your bags wisely!