Markets, including Bitcoin, move in 3 macro cycles...

Bitcoin has an expansion phase, a distribution phase, and then an accumulation phase.

Which part of the cycle do you think we are in right now?

Here's a hint...

We haven't been going up!

The cycles look something like this, though don't pay attention to the names of the chart there:

(Source: https://twitter.com/CryptoNoob_1/status/1577357283171909657/photo/1)

The have accumulation as the distribution phase and the accumulation phase is labeled as the manipulation phases.

You say tomatoe I say tomaatoe.

Either way you have an uptrend followed by a downtrend which ultimately culminates in sideways before gong up again.

We are likely in the sideways accumulation range after peaking almost a year ago at this point.

My guess is we spend quite some time going sideways before breaking out again.

That doesn't mean we won't go sideways at a slightly higher price than we are currently though...