We have to learn from the past and have to profit in this Bitcoin bull cycle to prepare us in buying for the next bear market

Source - @cryptopie

All is turning Green again in the world of cryptos.

Source - @cryptopie

Source - @cryptopie

Sentiment of people had changed already judging by the fact that Bitcoin is already going to reach its top or its peak price point with its bull cycle following its halving event last April this year of 2024. It is now forming or reaching the lip of the cup and handle chart formation leaving the "handle" of the cup formed by the previous "cup and handle" formation of BTC.

So BTC is now discovering or making another chart territory of prices already and we all have no particular price point on where exactly it will reach that final top except in the general idea of 120-140K because of supposed doubling of its price from its previous top price from its past bull run in reaching 73K+ and we are just beginning to witness in BTC leaving that price level.

I am personally assuming that Bitcoin will double its price this cycle and no more because we have to be conservative as it requires so much money for BTC to push its price any further as investors in ETFs has to sell at some point within the next few months until later in the next year of 2025 for the reason that their profits are substantial enough for them to eventually sell.

ETFs are the main cause of this bull run because I do not think that common people are able to buy BTC because of the current economic hardships that we are all dealing with today. The only ones that are buying BTC to move its price any further to greater heights are the institutional investors which are bigger than the "whales" which are previously the main cause of BTC's rise but are now somewhat dethroned by larger buyers of BTC via these ETFs.

The the fear of missing-out "FOMO" of institutional investors will make BTC rise to reach at least double its current value will make another cup and handle formation as we had seen already from its past charts. but I am guessing that this time around the volatility will not be that too depressed but rather shallow and wide which means that it will take too long until the prices go back to these relatively low prices again after BTC reaches its predicted peak price mainly because no more entity out there will ever move the price down of BTC that violently other than another bad global event like a major war or another pandemic that will halt or affect economic activity worldwide.

Now since after the bull run will just happen in a relatively short amount of time after about more than three years of "accumulation" time, we have to make it a point to sell so that we can better prepare ourselves when the bear market happens again particularly when another "major dip(s)" that will cause BTC to go down at unimagined or unexpected prices. All the BTC investors are in the "green" already which is why even if you "cash-out" today you will still get profits. However most of us just wants to maximize our profits so we have to do it later especially when BTC is plateauing with its price which meant that BTC cannot go any further up within this cycle.

As mentioned, we already have the general idea on where BTC would reach its peak price and it is not of course wrong to assume that even if some people say that the price will reach even more further than that. The important thing is that we have to make profits and readying ourselves for buying again in the succeeding years of bear market which is sure to happen for the reason that the halving event is the major cause of Bitcoin bull market to happen until its tones down again to make us experience another bear market which is still fantastic because it allows us to gather more of cryptocurrencies and do it all over again.

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ᴀʟʟ ᴛʜᴇ ɪᴍᴀɢᴇs ᴀʙᴏᴠᴇ ᴀʀᴇ ᴄᴀᴘᴛᴜʀᴇᴅ ᴀɴᴅ ᴏᴡɴᴇᴅ ʙʏ @cryptopie 𝘶𝘯𝘭𝘦𝘴𝘴 𝘰𝘵𝘩𝘦𝘳𝘸𝘪𝘴𝘦 𝘪𝘯𝘥𝘪𝘤𝘢𝘵𝘦𝘥

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