This sentiment reminds me of 2017

In febuary 2017 we broke into new all time high territory above $1,100 and then spent the next four months until june running all the way up to $3,000. Every one was insanely euphoric, bitcoin was up 3x the previous all time high and was up 1,700% (18x) from the 2015 lows of $163.

People started to worry that bitcoin couldnt possibly go any higher, they said this bull market has already lasted longer than the 2013 bull market, then we started to fall. The price of bitcoin fell 40% all the way back down to $1,800 and EVERYONE started to say the bull market was over and $3,000 was the top.

One week later we were back up near $3,000 and we spent the next six months running higher from $3k all the way up to $20k.

This was the bear trap of 2017.

The same thing is happening today, we hit a high not even 2x the previous all time high, then fell 28% and EVERYONE is saying this is the end of the bull market.

As bitcoin gets bigger in size it will inevitably move slower and bull markets will get longer. The bull market isnt over just because it has lasted the same amount of time as the last bull market.

This current correction has all the hallmarks of a bear trap and it will convince everyone that the bull market is over. People will sell hoping to buy back lower, people will sell to try and realise some profits, people will close their leveraged long positions. Then all of a sudden we will pump 4 times faster than we fell taking us back to new highs so the real bull market can finally begin.