Things are going to move very fast.
Right now, Equities are pushing new All time highs.
This is yet another very strong piece of evidence that the Crypto market is only part way through its cycle, and the bear cycle we just finished was a mid cycle one.
Something I was highlighting throughout this year, as you can see in the quoted post.
In 2022, the full cycle bear, equities were also in a full cycle bear.
A true macro correction.
And, we can see this, by the time in which it takes Bitcoin to reach true price discovery again after that type of bear.
From the 2022 bottom, to actual price discovery, it took 728 days.
When we jump back and look at the 2019/2020 mid cycle correction, we can see equities were in the exact same situation that they are in now, ignoring the COVID black swan.
They were ripping as Bitcoin was correcting, which is what everyone has been losing their minds about this whole year.
But no one seemed to be able to spin the charts back a few years and see the exact same thing was happening back then?
After Bitcoin had bottomed in 2020, and equities continued their runs, it only took Bitcoin 273 day from the bottom to reach price discovery.
The situation we are in right now mirrors 2019/2020 so much, no matter how badly your fav 4 year cycle guru wants to ignore it.
They can call it an "early cycle low" all they want... it's simply just the mid cycle point in a much larger cycle.
I'm not sure how much more people need to see at this stage.
What this data shows us is that our path to price discover, albeit it not guaranteed to be the same as 2020...
Will very likely be a great deal faster than what people are expecting.
This has been playing out since Bitcoins correction from October last year started, and I see no reason why it won't continue to follow a similar pattern in its recovery.
Everyone is losing their minds.
Speaking like this time it really is over for Bitcoin because of the outperformance of equities against it.
Hardly anyone seems to remember, or has cared to check, that the exact same thing happened in 2019/2020.
Which is when what happened?
Surely you know by now...
Yes. The last mid cycle correction.
For a period of 280 days SPX and Bitcoin decoupled as SPX made significant new highs whilst BTC dropped 60%+.
This has never happened during Bitcoins full cycle bottom, because thats not how it works.
And we are not at Bitcoins full cycle bottom, which is why this is happening.
Bitcoin will play the catch up trade.
But it wont let anyone who cannot see this reality be apart of it.