As the sentiment in the crypto space is becoming more bearish, a relief rally will liquidate many holders. Compared to the 17 cycle we could expect a instant bounce back to the upside and continuation in the bull market till the top. In 13 however, it took 6 months before we saw any breaking of previous highs. I expect something in the middle will happen in this cycle. I don't think the price will bounce as it did in the 2017 cycle but I also don't think we will trade sideway for 6 months. Rather i suspect June/July will be accumulation phases before we start running up again. I expect to break new highs before summer ends and a continuation from there to our market top somewhere in November.
Let me know what your thoughts are in the comments below.
Let me know what your thoughts are in the comments below.