It is possible for even the most experienced traders to be caught unawares by cryptocurrency markets. While each bull market and bear market may initially look similar to other cycles, they can quickly diverge in unexpected directions to wipe out crypto millionaires who have just been minted.

The weak closing of 2021 was a perfect example. It completely contradicted the bullish price estimate for $100,000 BTC that many crypto analysts and influentialrs had been promoting nonstop.