I mentioned that this time the up-and-down cycle would no longer be the same as the previous ones, because the market’s dynamics have changed completely. Today we have much more liquidity, ETFs, and other applications from major banks and institutions tied to BTC; we even have companies from countries operating, along with far more “small retail investors” than before. Not to mention the spread adjustment between brokerages and the hunt for liquidity-boosting bots. So, there is no more “a cycle of 4 years”—forget that once and for all; the market dynamics have changed everything. In my article written on July 7, I stated that we were already in the bull cycle and estimated three possible time scenarios (slow, strong, or aggressive). And if things continue as they are, we may possibly be entering the aggressive phase. (if there is no reversal) This could change all the projected time targets; that’s why, when I do an outlook, I use two targets (time and price)—whichever is reached first, I leave.