It appears the four-year bull cycle is over, and there's no alt season for the end of the year. Bitcoin appears to have entered a bear market. What are your thoughts on the recent Bitcoin price decline?
It is too early to proclaim that the bull market is over, even if you hear a lot of folks proclaiming such dumb shit and probably wishful and/or manipulated shit.
Sure the definition of a correction versus bear market is not very clear in bitcoin, yet at the same time, I have a hard time conceding that we entered a bear market merely because we had a 36% correction from our October 6th high (which was merely 7 weeks ago.
Bitcoin no doesn't work like that.
We have had a large number of large corrections of 20% to 30% to even higher levels and we were not kicked out of the bull season based on such interim corrections.
Sure it is possible that we could transition into a bear market, yet it is likely way too soon to be proclaiming such wishful nonsense...
Oh and by the way, some of the dumbass theories about transitioning into a bear market has to do with bitcoin supposedly being on a schedule.. If that is not a lame rationale what else is? Yeah, we got a lot of dumb fucks panicking and selling their coins and we have some nonsense proclamations that the bear season is here.. .. and surely who wouldn't want to pick up some coins from the weak hands. That is not a new operation to shake the weak hands of their coins.. and then watch them cry because they are not able to buy back cheaper, as they had expected to be able to buy back cheaper.
Good luck with that.. Easier said than done to buy back coins cheaper.. which means dumb twats should not have had sold their coins in the first place, and the even better practice would have had been to keep on buying coins, yet ONLY a few folks have continued to buy coins.
It appears the four-year bull cycle is over, and there's no alt season for the end of the year. Bitcoin appears to have entered a bear market. What are your thoughts on the recent Bitcoin price decline?
Because the high level of selling is the cause of this decline. To say that a bear market is imminent, the signs are starting to appear, but I wouldn't say the stronghold is over.
Last July, I said here that $120.xxx would be the ATH, but I was wrong because the ATH of $126.xxx is still holding.
Therefore, with only one month left of 2025, who knows, there might be a surprise that refutes the bullish assumption that the bull run is over, with an ATH exceeding $126.xxx.
I hope that's not a miscalculation as the year-end expectation.
Bitcoin is not on a schedule, so you are likely working with inadequate models if you are trying to specifically plug bitcoin into a model as if it were on some kind of a specific schedule.
You are only hurting yourself when you get locked into such nonsense.