Discussing bull and bear markets now is really of no use!
Because we are most likely in a super cycle!
Brothers need to be clear,
we are currently in a super contradictory stage in the history of Bitcoin's development. It could be a weak cycle, or it could be absurdly strong!
Key indicators of traditional speculative demand and market saturation have basically not yet started.
So, there is a general feeling in the community that the real bull market has not yet arrived.
The weakening of market momentum can be viewed from two aspects: fundamental signals and speculative momentum.
The fundamentals have been developing according to a power-law growth model, maintaining a 40% compound growth rate every year, and there’s no denying this potential.
But what about speculative momentum? It has been systematically weakening in every cycle. If we calculate based on the current trend, the peak of this cycle might surge to $185,000 in the fourth quarter.
But brothers need to note that the Bitcoin ETF has greatly simplified the entry process for institutional funds, and the speed at which sovereign nations are entering far exceeds expectations for enterprise-level applications, indicating that speculative momentum may be brewing a new situation.
Consolidation and accumulation are building breakthrough momentum, and the price of Bitcoin is unprecedentedly refreshing historical highs before the halving (though the actual impact on the supply side is limited, the psychological effect on the market is significant).
From these signals, an unprecedented “super cycle” market structure is taking shape, which might bring the craziest upward trend in Bitcoin's history!
What will happen in the end? Let's wait for time to give us the answer!