Looking at the Bitcoin cycle, there are usually two bull phases.

In the 2013 and 2020 bull cycles, long-term investors realized profits twice and peaked, while there was no correction in 2017.

If we apply the current macro situation, the current market is more likely to resemble 2013 or 2020 than 2017.

In addition, global interest rates are starting to decline.

It may take several months or more than a year for sufficient liquidity to be supplied to the market, but prices often move first due to investor expectations, so a positive turn is expected by 2025.

Investing in a long-term framework rather than a short-term one may yield better results.