This cycle is different.

Fundamentally different.
1. Reaching an all-time high before the halving event
2. No real overbought expansion on the 1M RSI indicator
3. The entire cycle occurs during a contraction phase of the ISM index
These are very important factors that cannot be overlooked.
Therefore, when looking at the current bear market phase, we cannot interpret it the same way as before.
The 1M RSI indicator has been at low levels during the 2015 and 2018 bear markets, and is very close to the lows of 2022.
Additionally, it has touched the 50 EMA on the 1M chart.
And it achieved this in just 4 months.
This indicates that, just as we have never experienced a true expansion, it would be foolish to expect a similar contraction.
This is yet another situation showing that we are more like 2020 than any other period in history.
I see no signs that we are in a bear market similar to previous years, and everyone should be aware of these differences.
Many were caught off guard at the $126,000 peak because it was a very different high... And I think the same will happen at the bottom, and soon.