Good evening to all my friends. I hope you all are doing well. I was very busy from last few weeks but finally I am back to work. Let's talk about crypto market. Over the past few weeks, we’ve been discussing whether Bitcoin has reached its final cycle top, and why that top might still be ahead. Many investors are concerned as Bitcoin is recovering, but altcoins are still struggling. This blog aims to explain why Bitcoin's performance is crucial for the entire crypto market and why it's too early to say we've entered a bear market. We’ve looked into historical indicators like the DXY (Dollar Strength Index), gold-copper correlation, and technical patterns to understand the timing of Bitcoin’s tops in past cycles – such as in 2013, 2017, and 2021. These tops usually occurred when the DXY formed a bottom and began to rise again, leading to selling pressure across markets. Currently, the DXY is approaching a similar critical support trend line, and if it bounces again, it could indicate a potential top for Bitcoin in this cycle too.
