About 6 months ago, the BTC price reached around 126,000. Currently, it is only fluctuating between 74,000 and 64,000.
If we look at it according to the 4 Years Cycle, the Market usually tends to be in a Downtrend for about a year. However, this time we have seen a rapid decline within just 6 months.
Another thing is that the market tends to go sideways during that 12-month cycle. During that time, prices may not be able to go up or down, and there may be a situation where it is just hovering.
After that, the price may continue to decline. Then, it is possible that the price of BTC will rise again when the year is completed.
Such patterns have also occurred in Bitcoin's history.
So, if we look at the current market
The market is in a situation where it is going sideways and is in a phase where it cannot go up or down yet.
Historically, it has only been able to rise again after another drop.
What will you do?