CryptoBullet

💭 What’s wrong with this cycle?? | Big Picture #Bitcoin bottomed out in November 2022. It’s been ‘up only’ for $BTC since then. $OTHERSBTC has been going ‘down only’ all this time. This is why this cycle has been so bad for #Altcoin holders 📉🤮 But what exactly went wrong and when? 🤔 Let’s take a deep dive into the market structure ⬇️ In 2015-2017 & 2019-2021 $OTHERSBTC and $BTC were rising in sync, but this time it’s truly different. In the early stages of the Bull Cycle things looked very similar to the previous cycle. Take a look at two time periods: December 2018-August 2019 & November 2022-June 2023 $BTC bottoms out first, $OTHERSBTC makes a Lower Low in 6 months while $BTC rallies and switches the trend from Bear to Bull. So in that period of time we have a Divergence between $BTC & $OTHERSBTC. We had that in 2019 and we had that in 2023. August 2019 was the absolute bottom for $Alts against $BTC and we had a steady uptrend for the following 30 months! This cycle we were on track to repeat the same pattern: #BTC bottomed out first, then it rallied and switched the trend from Bear to Bull while $Alts printed a Lower Low. June 2023 was supposed to be the ultimate bottom for $ALT/BTC pairs! We had a decent run up from June to January 2024, but then something broke ❌ Do you know what happened in January 2024? F*cking #Bitcoin ETFs got approved. It’s been ‘down only’ for $Alts since then 📉😵‍💫 So now we have this giant Divergence between the price of #Bitcoin (sitting at the all-time high) and $OTHERSBTC (sitting at the 4-year low) 💁‍♂️ I believe that eventually this Divergence will play out just like the one in Dec2018-Aug2019, but on a much bigger scale. It will be a MULTI-YEAR Uptrend for $OTHERSBTC 📈 (probably next cycle | if talking about cycles is even appropriate now lol) _ So that’s why I was wrong on $Alts in general. The prior cycle’s playbook just didn’t fit this time 🤷‍♂️ Some $Alts like $SOL did exactly what I expected (made a new ATH), but that’s because coins like #Solana had a very strong narrative and they moved up with #BTC in sync. The rest are just waiting for a $BTC.D Meltdown and a steady $OTHERSBTC uptrend 📈

@CryptoBullet1 I think I’ve seen this film before (and I didn’t like the ending)

#TOTAL2 Macro chart I don't like this ascending channel at the top. IMO it will be resolved to the downside 📉 However, we may see a final bounce before the breakdown I’d be happy to be wrong on this one, but this looks like a macro Re-Accumulation structure and it needs a Second Bottom (which will likely coincide with the $BTC Bear Market Bottom) True Bull Run starts in 2027 📍 2027-2028-2029 - #TOTAL2 Price Discovery 🚀

🙅‍♂️ I'm not expecting crazy returns from $BTC in the next Bull Cycle (2027-2029) 👉 Each cycle #Bitcoin shows diminishing returns: 3200x -> 623x -> 119x -> 22x -> 8x In the 2027-2029 Bull Run I expect a 4-5x from $BTC From ~$40k (Bear Market Bottom) to $160-200k (Cycle Top) 📍

Difference #2 - $BTC Dominance 2022: $BTC.D was sitting at the bottom after a crazy Altcoin rally. The only way was up 📈 2026: $BTC.D is sitting at the top, printing a reversal structure. Overall now $BTC.D looks exhausted and heavy 📉

This bear market is actually different. There are 3 main differences Difference #1 - Total Stablecoins Market Cap We're now 9 months into the Bear Market, and unlike in 2022, the Total Stablecoins Market Cap has not declined during these 9 months. Mostly flat. Imagine what will happen in a Bull Market 😏 I believe the Total Stablecoins Market Cap will rach $1-1.5T within the next 3 years (very bullish for the entire industry)