While I know that this sounds crazy to many people, I still think that going lower is the way to go . I know that not many people believe this, not anymore at least, most people think that we are going to go up and we have gone up a bit so that is why many are hopeful about a big increase. On top of that, this war and higher gas prices are causing for inflation which means devalued dollar which means higher price for bitcoin. But even with all of that in mind I still think that bitcoin price will fall.
Because I believe that no matter what happens in the world, there is a four year cycle of bitcoin and this year is the bear year and nothing will change that, many things happened in the past during bear years as well and yet it still fell, same should be expected from this year.
I agree with the prediction that Bitcoin will continue to fall rather than surge as many people are expecting. But it is not that many people do not believe it. It is simply that they do not want it to happen because most of them bought at a high price or have not yet taken their profit.
But for me, it's better to accept that, instead of just still 'hoping' for the best when we all know at the back out our minds that we are in the bear market already. The sooner we accept it the better.
However, I disagree with the view that market cycles will never change. Although market cycle repeat once, but it can be broken at any time. There are currently no regulations requiring Bitcoin to follow a 4year cycle indefinitely.
What will it take though to change the cycle? Because I still believed that the 4 cycle will take effect because that's how everything works. The halving happens every 4 years and that's what the catalyst for the next cycle to change, from bear market->bull run->all time high->bear market again.
