It’s very amusing to watch this.

For months, many supporters of the 4-year cycle were arrogant and convinced they were right.
Happily promoting the targets $35k again and again.
But the overall market picture was completely different.
Now, after Bitcoin reached a low much earlier than they expected, they are pretending that they predicted it.
And now, when they are challenged somewhat over their previous arrogance, they cannot accept it.
The fact is that Bitcoin REALLY is in the middle of the cycle.
This is no longer a matter of debate.
If you look at the charts below, showing the overall market dynamics, including:
- Bitcoin (the main player)
- ETH/BTC (the dominance relationship between the two largest assets)
- OTHERS.D (altcoin dominance)
- OTHERS (the actual altcoin chart)
It is completely obvious.
Looking at the mid-cycle correction in 2019:
- ETH/BTC in a downtrend
- OTHERS.D in a downtrend
- OTHERS in a downtrend
Looking at the 2021 full-cycle peak:
- everything is in an uptrend
Now let’s look at the 2025/2026 correction—it is exactly the same as in 2019/2020.
The same duration, with almost the same depth.
Every full-cycle peak is followed by a much longer and deeper correction.
The structure of the entire market shows perfectly clearly: the 2025 peak was not the full-cycle peak.
I don’t understand how you can look at this chart and tell me that this isn’t the case.