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Pattern can be broken, that is true, but how was the pattern broken in the last cycle? Bitcoin halved in 2020. All-time-high in 2020 and 2021. Bear market in 2022. Now bull and bear but slightly bull in 2023 (likely what would happen). I have not seen anything that has been broken. It is just almost similar to the previous cycles.
I was not talking about the halving which is already pushed to the limit by trying to span the time frame randomly but about the others, no lower than the previous ATH, the double top that never happened previously, etc. The halving pattern is just waiting around the corner to be broken too, already the time frame of the last bull and bear period are inverted in length. Patterns have only one purpose in life, to be broken, that's why stuff like this although plausible at the moment of writing looks ridiculous now:
https://bitcoinmagazine.com/markets/how-halvings-will-bring-the-bitcoin-price-to-400000Bitcoin falled below the last all-time-high, but that should be expected,
Why should that be expected and a drop after the halving unexpected?
Is there any real argument for one to happen and for the other not to other than just past experience?
99x volatility before first halving
33x volatility after the first halving
6.2x volatile after the second halving
4.4x volatility after the third halving (or maybe bitcoin is still going below the $15500?)
So, by the same numbers in 3-4 cycles, we're hitting 1 volatility, meaning the pattern will be broken as everything would either have to be flat or history will not repeat itself.
I understood you, there may be one time that the cycle of a thing would be broken, but I will prefer my believe to fail rather not to believe that it won't work again. If it fails, then we moved to the next level.
Exactly what I was saying, it's belief more than actual technical or economical arguments, just because
BTC went up, then it must go up, infinitely.
Because it doesn't then this whole thing is broken, so at what point does it have to stop since obviously, it can't go like this forever, and why is the stopping point not this one?
Isn't far more believable that just because everyone thinks half a year after the halving there must be a bull run and buys the FOMO the bull run happens, more like a self-fulfilling prophecy?