We should all remember that this is just the very start of this news cycle, we have a long, bumpy and euphoric road to go.

With the assumption that the FTX crash in November 2022 actually caused the bottom at $15k for BTC, which with each passing days is more and more likely (baring from any black swan event), we now have actually started a new cycle. One cycle usually start with the build-up phase to the bull run, the bull run itself and then the brutal bear market until a bottom.

We are on the very first step in the grand scheme of things and even there we are pretty early on. We are just on the same position as in 2019 where BTC was slowly starting to rally up in form of a mini bull market, or like in 2016 where we were having a long crabbing upwards until things accelerated.

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Chart from MitchellHODL, showing BTC price performance per cycle

Here is a chart perfectly showing how early we actually are and now you can also see that the recent dump we had from $30k to $25k, over which many people panicked, was actually nearly nothing. Just a small correction or pull-back like we have a countless times in this whole market.

So let‘s not overreact to such small corrections as we will have A TON of them coming our way till the actual bull run. Be calm and enjoy all of that crypto entertainment.

• I obviously mean "new cycle" in the title. I just hate it to not be able to edit the title!