BTC breaking back below the 100k & the channel support connected from the 2022 lows. It makes me think that we are completing the bull cycle from those lows that lasted 3 years, the same as the bull runs from Jan 2015 to Dec 2017 and from Dec 2018 to Nov 2021. So currently, there is a risk for a deeper correction and if you want to participate in the next bull run it would be much safer to join the trend only after roughly one year of correction. But as price rises through histroy, the pullbacks/correction tends to be smaller (% terms) compared to previous cycles.
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