Well, this time is indeed different. Btc at all time high, great stuff, but not what was expected for this point in the cycle.
All previous cycles we've had a pre halving high - that should have been 48k this time, then a period of consolidation into halving, and lastly a run to all time high after halving, peaking roughly a year and a half after halving.
Not this time
We haven't even got to the halving and we've blown past all time high.
Suppose now we have the ETFs gobbling up all the btc the demand is greatly increased, compared to previous cycles, where it was just a bunch of degens playing a game of hot potato.
Cycles are still cycles though. So going forward what can we expect? Looks to me like this is one of two things, a left translated cycle, or the fabled supercycle.
I think this is likely the first, a left translated, you're best off googling the meaning, but basically it's pretty ferocious, ends much sooner and we have a longer bear market afterwards - blow of top by the end of this year, $150-250k btc and then 2 and a half year bear. The supercycle lasts around the same as a normal cycle, ending q4 25, but makes all previous cycles looks like minor blips on the chart, the bear will be long and rough after a supercycle too.
At this point, unless you've got a decent quantity of btc, you're honestly better off being balls deep in alts. Btc is too expensive for the normies now, as they flood in, they're going to be buying alts.
Make no mistake, this is a bullmarket. Dips, even very aggressive ones, are gifts and not where you panic sell. This is likely the last cycle for a while, don't fcuk it up
We'll reassess in a few months, but the focus now is taking profits towards the end of the year and adding to positions in the periods of heavy selling before then.
Happy to hear other peoples thoughts on this?