Questions are already surfacing over whether Bitcoin is still in the expansion phase that many market participants assume it is. However, a crypto expert opted for a conservative stance, arguing that when Bitcoin is analyzed through traditional cycle theory and macroeconomic indicators, the primary cycle may already be complete. This crypto expert, Tony Severino, challenged popular bullish claims from “snake oil salesmen” and instead pointed to economic data and historical patterns that show the Bitcoin cycle has already transitioned into a different phase. PMI And ISM Datan Shows Where Bitcoin Is According to Tony Severino, Bitcoin’s bullish cycle is already over, and analysts saying otherwise are pushing a fairy tale that may or may not come true
source: https://www.newsbtc.com/news/bitcoin/bitcoin-cycle-already-over/