Dec. 13 at 8:32 PM
$BTC.X
$ETH.X
$IBIT $ETHA
Is the four-year cycle still intact — meaning we’re already well into a bear market — or is Bitcoin and the broader crypto complex primarily a function of ISM trends and global liquidity?
As always, hindsight will provide the answer, and it will likely seem painfully obvious once viewed in the rear-view mirror.
Regardless of which narrative proves correct:
If you’re in crypto for a quick flip, this cycle has been exceptionally punishing and has likely tested your conviction.
If you’re operating with a longer-term horizon, short-term price action is largely irrelevant. In fact, lower prices should be welcomed, not feared.
Expect heightened volatility into year-end.
Only the patient, disciplined participants will make it to the other side.
Good luck out there.
