Find it funny how people want to explain something away, so it will fit their bias.

"This time is different, therefore bearish bitcoin"

"This time is not different, therefore bearish bitcoin"

"The institutions control bitcoin, therefore..."

"The cartel has killed the industry, therefore..."

All I see is poor narrative driven bias.

Don't make the mistake of thinking my bias is driven by any one chart by the way.

This cycle has differences from previous cycles, like ANY cycle would! To expect picture perfect correlations is foolish.

The ones who are bearish are working ONLY with picture perfect correlation expectations like the 50 week sma. What could go wrong?

There are more than enough sectors and assets that continue to show the cycle is NOT broken. From what I see, only the patience of people is broken. Do better.