Whether someone is bullish or bearish on Bitcoin, even a small move up or down leads them to attach too much meaning to it and create reasons that support their view. But if we step back and look at the bigger picture, this is still just a sideways range. This also shows that interest in the market remains high. If people truly did not care anymore, they would not react to such small price movements. But that is not the case right now. I think this is a phase where the market is testing participants’ patience, creating a slow and frustrating range, whether it moves slightly up or down. My view on the long-term trend cycle has not changed. However, for now, price is moving sideways, and it feels like people are spending unnecessary energy arguing about who is right or wrong within this range. And often, when people finally become exhausted, that is when the real move is more likely to begin.(mignolet)