I felt intuitively like the recent dump more resembled the final big retail capitulation we’ve experienced at the end of previous bears. Could very well be a year into the bear now and just got the big final capitulation over with. Now chop for a bit then start to breakout priced in AU. Possible, though I will always admit IDK cause I don’t.
we had an all time high last month how could we be in a bear since 2024? last cycle everyone said cycles were getting longer, but now everyone is sure the bull is dead or never existed because of a thirty-whatever percent drop. maybe we enter a real bear here or maybe we pump to $150k within the next few month no one knows.
agreed gold is a better measure on average but IMO gold pumping 50% in one year is an anomaly and not exactly something that can be used as a reasonable baseline