I think the bullish trend would have happened if plenty of people weren't waiting for it to happen.
Just a thought.
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I think bull trend would be random and small unlike once a year event that happens.
The last time it happened only a handful of people made profit. After that, everyone entered when the BTC crossing 30k thinking it would be a bullish one. But, everyone thinking likewise didn't yield the result.
Again it's just a thought.
Yes that is because BTC is now adopted by govt and private investors. in past that was not the case. Since 2024 things have changed.