Part 2/8:
Understanding the Current Market Cycle
To grasp where we stand now, it’s important to evaluate Bitcoin’s year-to-date return on investment (ROI) as compared to previous halving years. The current phase mirrors past cycles quite closely, presenting a positive outlook for Bitcoin's trajectory in the near future.
As Bitcoin hits a price point of around $106,000, the anticipation grows. The speaker mentions that Bitcoin tends to be the first to rally, leading to movements in larger-cap altcoins and eventually trickling down to smaller-cap assets. Observations suggest that a similar market pattern will likely emerge as we progress forward.