How Much Longer Will the Bitcoin Carnival Last?

On-chain and price data can be used to predict our position in the Bitcoin market cycle. In this article, we will review the first round of the 2020-2021 bull market and the turbulence it caused in the market. After that, we will build a case explaining why the top of this market cycle has not yet arrived. The January Transformation The 2020 halving reduced Bitcoin supply and triggered exponential price growth. However, compared to the previous 2016 halving cycle, this cycle happened much faster.