Of the several local highs—$74,000 in March 2024, $108,000 in January 2025, and $126,000 in October 2025—only $74,000 exhibited characteristics of a true top. If $74,000 is not the cycle top, then the top has not yet arrived.
P.S.: I'm not arguing—if you've already sold Bitcoin and are bearish, enjoy your days and don't get angry.