Based on the 4 years bitcoin cycle, it would safe to conclude that we are not in the bullish season just yet but some big banks and other institutional bodies could manipulate the market to change its structure, which confuses some investors that it signals a bull run.
Yes, sometimes during the bear market, we will see some price increased and we thought that we are out of it. Nevertheless, it's not that case, maybe we will see some good news that really put some confidence back in the market and so investors put their money on it.
But then after that, there could be profit taking and that's what we have seen this current spike to $81k. So with that, there could be another incoming correction. But the good thing is that it might be as deep as we going back to $60k. The lowest might be around $65k and that's it, market going to be recovering again and again.
