The question that arises now is whether we will still be experiencing the bull market cycle every halving and then bear after it or will this be a supercycle like they are saying that the prices will continue to go up disregarding the fud spreading the industry?
When you say 'we will still', are you asking if that will be the case in this current market cycle or if it will continue to occur for years to come? For the latter, I'll say no, the Bitcoin market is changing rapidly over the years, volatility is gradually reducing, meaning there's less price spikes and dips. A market cycle where the price bubbles up and then bursts leading to a bear period would not always be the case, but we could rather have gradual growth, which will disinterest a lot of speculators, but will open the door to more use cases for Bitcoin.
I hope to see this question timely because we are about to dip going to a confusing market direction.
What makes you think the market is about to dip?
Well if you are in the long-term chart like in the weekly, you can see the RSI indicates it hasn't yet dropped to its bottom 30. And it can only mean that it will have to go to that point before going up. AS of the moment, the situation was just like in the month of May-July this year where the price move sideways around $30K-$35K.
If it has to bounce up again, it could be in January 2022. We however still could consider it a bubble as it had not dipped to its bottom yet.
The only reason I could site that is hasn't gone too low is because more institutional investors are putting thier money on in crypto due to the FED situation. But if the big investors decide to dump because they know it has to come to the bottom before going up again, we'll be going bear for months when a la domino effect happens.
Will we see a bounce like it did in mid-July?
