Are we in a crypto bull market. Previous cycles say not yet but soon...

All credit for this spiral chart goes to Rational Root and can be found at Bitcoin Strategy Platform.

You can see in the chart above there is a high probability that over the coming months we will continue to move mostly sideways maybe slightly up. This movement will begin to break up sometime around April/May 2024 when the BTC halving occurs. If you look to June 2019 and reference other charts you'll see that BTC ran up around this time in past cycles. Then began trending sideways till the halving in 2020. This same pattern seems to be occurring right now.

Good news is that ATHs began later in 2020 and early 2021. If BTC follows the same pattern over the next two years we will see ATH begin end 2024 and early 2025. Now is a perfect time to accumulate whatever you can get.

Based on previous data ATH are coming but not for a bit. Of course anything can change and break the cycles such as massive institutional buying or favorable regulatory environments. There are alot of newcomers in the space that don't understand the cycles and its hard to see on normal charts. With so many people yelling the bull run is here this spiral chart is a fantastic way to see what could be coming and how past cycles have played out.