This is day 195 of sideways Bitcoin price action since December 18th of last year. The trend has been simple, but gruesome: All of the great price action has been made in very short bursts, totaling just 36 days. We have now spent a total of 2 years in sideways price action. If we remove those expansion bursts, price looks as you see on the bottom: a sideways grind and new lows for the entire cycle. You're surviving the slowest overall cycle yet, but it's not finished.