I think its just correction because bitcoin only get small percentage of whole marketcap. The correction is to make another altcoin down bigger then btc. The bullish cycle is longer then 2017. Look at how btc price held. When its come to bear market the dump is bigger then now.
It will continues goes up in december following to Januari and february. Maybe we will see bear market at the end of 2022
Your analysis seems very interesting to me and it may be very probable, however I analyze the market by Wyckoff's theory and I am guided a lot by the teachings of Jesse Livermore, and based on the uptrend, by Wyckoff it may depend on the type of temporaliadd that it is chosen, but in the long term for me the trend is bullish, in fact many experts assure that the price of BTC can even reach $ 150k and more, this according to some expert analysts from Wall Steet, then everything indicates that the market It can probably take a bullish turn, but it is not necessary to trust, because sometimes the market does everything contrary to the mass, however its analysis seems very correct and fits with everything that is happening at the moment.
