Crypto researcher Knower compared the characteristics of previous market cycles and pointed out that although the crypto market has undergone tremendous changes over the past few years, there are still many signs that we may still be in the early stages. Blockbeats compiled the original text as follows:
If you've been active online for the last week or two, chances are you've seen dozens of tweets about the current cycle and when to stop. Bitcoin is now over $60,000and have been steadily climbing since the launch of some ETFs, with daily inflows showcasing a wonderful picture of high demand and low supply. Fidelity recommends that individuals allocate 1-3% of their portfolio to cryptocurrencies to invest in a safe and responsible manner, which shows that after FTX, cryptocurrencies are no longer something to be afraid of, but something to be accepted and embraced.
From March 2023 to around October 2023Bitcoin** fluctuates between $27,000 and $30,000It can be very frustrating if you try to hold it for the long term and expect a breakout. During this time, there are occasional bright spotsBut if you're expecting to earn a fortune similar to 2021, not much is actually happening on the open market。We've been lucky at Pepe, Friend Tech, Telegram Bots, and a few other events, but most of these events are just temporary pastimes, and the market as a whole is still adjusting itself. There's been a lot of talk about rate hikes, soft landings, and other macroeconomic issues, but honestly, these issues are too far away to recall.
The bear market is likely to end in March 2023, with Bitcoin soaring from $20,000 to $2$80,000,It's a moment I miss, even though it's only about a year away. At that point, the collapse of FTX was finally put behind us, **to a large extent halted the politics of cryptocurrency**, and finally there was some solid** action, letCrypto Twitter is back on its feet!
The above content is only a personal opinion, not a partial generalization!
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