🔥 Where Are We In The Market Cycle?

The image on the left is an image which circulates a lot on social media, it's a classic view on the market from start to the end of a market cycle.

With the bull-market and the worst part of the bear-market behind us, it's time to determine whether this move is real or not.

Personally, I think it's unlikely that we're going to make new lows in the future. Sure, we can correct downwards back below $20k, but $15k is unlikely at this point. Consequently, that would mean that I think we're currently in the "Disbelief" area.

What do you think? Please explain your thoughts🙏