If we look at it according to the bull and bear phases, we are now in the middle to later stages of the fourth cryptocurrency bull market. The cryptocurrency market generally has a cycle of 4 years, with 3 years being bear markets and only 1 year being a bull market. In this 1 year of bull market, the first 8 months are mostly about slowly consolidating, with prices still going down.

In the last 2 months, the trend becomes fierce, starting to surge upwards, and the final 2 months are about building a peak. Strictly speaking, this wave of bull market started in October 2023, so we are currently in the middle of the bull market.

According to this pattern, the bull market is likely to last another 5 months, and the real explosion hasn't come yet. I estimate that the explosive period will be around June or July, and by around October 2025, this wave of bull market will end.

However, I must clarify that this is not a predetermined fact; it's just my opinion based on past historical trends, so it shouldn't be taken too seriously. I don't know if what I said is correct, but the past cyclical patterns have been like this.