This cycle is going to be harder to predict than the previous ones... Normally, I would say to just look at the charts and that alone tells the whole story...
But now... With the amount of dollars being printed... Things might go quite differently than previous cycles. A bit of fundamental knowledge seems useful.
In previous market cycles, BTC had multiple 30% - 40% corrections during the bull market. This year, we've had one 30% correction, one 25% correction, and one 15% correction. The corrections seem to be getting smaller... Additionally, the way the price is currently behaving, it is not akin to a market cycle top. The price remained stable for too long to be considered a market cycle top, because generally the top is sold quite quickly. But we'll see... Everyone is waiting for a correction. So it might indeed not happen for now.
But I must remain vigilant. It is equally possible that we get a correction that will 'compensate' for the lack of deep enough corrections that we have had the last few months. The reason I'm saying that we might get one in the next two days, is because the pi cycle just flashed a 'top' signal. That means that within 3 days of the flashing, there is a new ATH and then a large correction. We have the signal, we have the new all time high right now, all that remains, is the crash.
But it is the only chart signaling this right now, and pretty much everything else is saying we have a lot more potential upside this market cycle. But it's always wise to consider all sides of the equation. If nothing happens this week, I'm more confident that we will simply go up until May. In May I will be vigilant again, around the middle of the month.
