I see a lot of people posting about the “current Bitcoin bull run” and that the “bull run of this cycle is over”. IMHO, we haven’t even seen a bull run recently. The past 1.5 years has simply been a slow upward correction to make up for the impact of exchange and company explosions in 2021/2022 (FTX, Celcius et al).
This has been a healing period for Bitcoin, like physiotherapy before getting back on the playing field. At USD ~$100K to $130K the injury is healed, but the body isn’t quite game ready.
The so-called bull run begins once the exchange rate of BTC climbs above ~$130,000 USD. We’re getting there. The bull is sharpening its horns. Patience.
I believe that past cycle models and prognostications will ultimately prove ephemeral.
