I looked at BTC Pi Cycle Chart.

Source: Bitcoin Magazine Pro

When BTC(Bitcoin) price crossed green line, few months later, the market entered bear markets during the last 3 cycles.

In this cycle, BTC has never surpassed the green line. I think.. $125k isn't fully enough for the euphoria phase..? 🤔 The current Pi Cycle Top is $201k.

Source: Bitcoin Magazine Pro

Recently, BTC Power Law has been blowing up on X. So, I checked this data.

BTC has never declined bleow the lower band of the Power Law. Today's lower band is $52k. If BTC price plunges more, this price would be the final support line 🧐

The upper band is $550k. During the last 16 years, BTC has entered bear markets after touching the upper band. So, I think the current market phase is like a huge correction mid the super cycle.. 🤷‍♂️

I have a little hope that the market won't enter bear markets without a bubble. Let's get through this togETHer 🫡