Which part of the Market Cycle do you think we are in?
Bitcoin is very likely in the Disbelief Stage of the Market Cycle in my opinion...
What do you think?
(Source: https://twitter.com/TheGoldPrairie/status/1435618469085581315/photo/1)
Do you see what I see?
Complacency ;)
Ha, you would say that!
Seriously, I think the old graph as example doesn't apply to Bitcoin's current situation... But "Complacency" would be closer equivalent.... Essentially we are experiencing small correction downward before the next big climb starts.
Like I've said earlier, after a big climb, there is two small humps when the price goes up a little and then corrects... We're currently on the second hump... After that we should see bigger correction downward and then the next big climb, instead of crashing down a lot like in the example graph.