Bitcoin has never put in a new all-time high after a bear market and before the Bitcoin halving which is currently slated to come in around April 2024. If we go based on the four-year cycle theory concept, then we could see new cycle highs and a circle top could potentially be expected either in late 2024 or early 2025. At which point the bear market buyer will be partaking in a massive wealth and the bottom buyers of 2023 will be selling to the top buyer of 2024 and 2025.
Probably the most bigger factor in the markets right now is the rise in global liquidity. Money is being poured into the system at a rate that is near historical and now this money coming to the system has in the past been a very reliable indicator for bullish market conditions to warn up. November was the low tide for the point for global liquidity, and now that the tide is starting to come again and it will keep rising until we reach the high tide market and if we come for a new low tide. We generally see the markets rise in line with money inflow into the global liquidity market. So far this year we have seen massive money imjection from central banks and the USA has expended it balance sheet by a few hundred dollars.