BTC BULL RUN PHASES - ROAD TO 100K
Hello, I think there is not much to add to the charts. If you are interested to know why 100k-ish level, check the related ideas linked below.
Phase 1 - BEGINNING OF THE NEW RUN. Witnesses the exit from previous bear market, and it is characterized by the price going back up above the means that cross positively.
Phase 2- STEADY GROWTH. The halving starts to drive the price up at a steady and sustainable rate. No FOMO yet.
Phase 3- PARABOLIC GROWTH - the growth rate accelerates and FOMO
Phase 4 - BEAR MARKET - You can consider it as the phase 4 of a Bull market where the price simply retraces and mean reverts, or as a cycle separated from the BULL.
I believe there is not much more to add. Just notice:
1- Every phase lasts approximately 1 year : 4 phases -> 4 years exactly as the timespan between one halving and the next one.
2- This current Bull Run seems a little extended in time in thee first phases, but I believe that the overall length will be the same as the previous one. Phase 3 will be quicker or Phase 4 will, due to the increased awareness of this among investors that then tend to anticipate and overreact in a sort of self-fulfilling prophecy. Do not forget that in 2024 we will have the new Halving :)
3- Logarithmic chart
Phase 1 - BEGINNING OF THE NEW RUN. Witnesses the exit from previous bear market, and it is characterized by the price going back up above the means that cross positively.
Phase 2- STEADY GROWTH. The halving starts to drive the price up at a steady and sustainable rate. No FOMO yet.
Phase 3- PARABOLIC GROWTH - the growth rate accelerates and FOMO
Phase 4 - BEAR MARKET - You can consider it as the phase 4 of a Bull market where the price simply retraces and mean reverts, or as a cycle separated from the BULL.
I believe there is not much more to add. Just notice:
1- Every phase lasts approximately 1 year : 4 phases -> 4 years exactly as the timespan between one halving and the next one.
2- This current Bull Run seems a little extended in time in thee first phases, but I believe that the overall length will be the same as the previous one. Phase 3 will be quicker or Phase 4 will, due to the increased awareness of this among investors that then tend to anticipate and overreact in a sort of self-fulfilling prophecy. Do not forget that in 2024 we will have the new Halving :)
3- Logarithmic chart
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