I see people making all these claims based on past cycles and weekly moving averages. No. Bitcoin follows the Nasdaq and alts follow bitcoin. Worst stock market bear cycles lasted 2-3 years. Weβre about 6 months into this current one. Coming off the biggest bull run in history, dealing with a war, pandemic, supply chain issues, quantitative tightening, rapid inflation, e.t.c.
I canβt provide you a price target or a date, but I can say that things looks like they can get a lot worse before better. Stock market will need for inflation to peak and rate hikes to be cut before we bottom. Whenever that might be.
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