When you look at the length of a bear market, you have to consider when the technicals together with the price action shift bullish, which is too early to say. A bottom however might be 2 months to 6 months away. The double top would not have taken place in my opinion if China had not banned mining. Hash rate precedes price... I think the market would have continued higher had it not occurred. The double top is only evidence of a push for a bullish continuation, correct?

You have to consider relativity. You have to measure appropriately and when you do that in relation to the China event you can understand the move lower. When you extrapolate the "distance covered" due to the China event you could argue that the market could have gone on to $140K.

It's like filling your gas tank to reach a destination. Halfway there you have to backtrack... will you still reach your destination?... no.

Had you not backtracked would you have reached your destination...

People love new and exciting ideas. Once again the halving will trigger the next bull run despite people wanting a new narrative. If you exclude the mechanics of the halving, you ultimately say that the monetary design of diminishing supply is inconsequential. In doing so you destroy the only argument that makes Bitcoin superior to other forms of money...

Makes no sense... the cycles remain, they just become less and less prevalent.

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