Now that things seem a bit clearer regarding the ongoing battle between bulls and bears, I think it's time to discuss what comes next
From my perspective, bitcoin:native has followed a pattern that is remarkably similar to the previous cycle
Back in 2022, I remember the stages of despair unfolding in a very similar way, from believing it was just a simple correction to full capitulation
Anyone with a bit of curiosity about technical analysis and price action could spot the signs of a brutal bear market beginning to take shape
Today, after more than seven months, I think most market participants have finally accepted the reality of the situation
In the previous cycle, BTC entered a bear market in late November 2021, eventually reaching its bottom in June 2022. This was followed by a prolonged sideways accumulation phase that lasted until January 2023, roughly 211 days
This cycle, October 10th marked what I believe was the beginning of the end of the bull market. After more than seven months of decline and uncertainty, we may now be starting to see a scenario that resembles the previous cycle
As the saying goes, history doesn't repeat itself, but it often rhymes
One possible scenario, and perhaps the one most widely accepted by the market right now, is a prolonged period of price action between $59k and $52k before the next major uptrend begins
If this bottoming phase follows a similar structure to the previous cycle, we might not see the next true bull cycle emerge until early 2027
Of course, these are just speculations, but I'm curious to hear your thoughts
Have we already reached the bottom, or is there still room for another sharp leg down?
Now that things seem a bit clearer regarding the ongoing battle between bulls and bears, I think it's time to discuss what comes next
From my perspective, bitcoin:native has followed a pattern that is remarkably similar to the previous cycle
Back in 2022, I remember the stages of despair unfolding in a very similar way, from believing it was just a simple correction to full capitulation
Anyone with a bit of curiosity about technical analysis and price action could spot the signs of a brutal bear market beginning to take shape
Today, after more than seven months, I think most market participants have finally accepted the reality of the situation
In the previous cycle, BTC entered a bear market in late November 2021, eventually reaching its bottom in June 2022. This was followed by a prolonged sideways accumulation phase that lasted until January 2023, roughly 211 days
This cycle, October 10th marked what I believe was the beginning of the end of the bull market. After more than seven months of decline and uncertainty, we may now be starting to see a scenario that resembles the previous cycle
As the saying goes, history doesn't repeat itself, but it often rhymes
One possible scenario, and perhaps the one most widely accepted by the market right now, is a prolonged period of price action between $59k and $52k before the next major uptrend begins
If this bottoming phase follows a similar structure to the previous cycle, we might not see the next true bull cycle emerge until early 2027
Of course, these are just speculations, but I'm curious to hear your thoughts
Have we already reached the bottom, or is there still room for another sharp leg down?
Gmgm, I've setup my Hermes agent yesterday and linked it with X APY
Now he can scan the market, pick up a niche, post for me, reply for me, doing basically anything
The issue is I think it's very expensive to manage something like this
For couple scans + some management I paid 1$
Maybe because I've spent a bit of time managing it, but if you don't have a real plan with it I think you'll spend some good cash until you get on the same page
Anyway, I think sooner or later our agents will handle anything for us: dms filter, CT scan, content plans etc