Wow. Just wow. The crypto market has been almost indescribably hot over the last few weeks, but the start of this week has been incredible for this sector.

Bitcoin (BTC) is blasting off and inching ever closer to the previous all-time high of $69,000 that it set in November of 2021.

I’ve been around this market for seven years now and I have never seen crypto as hot as it is right now. Bitcoin has never carried so much momentum this early on in the four-year cycle, and I’ve never seen the beginning of a crypto bull market be as explosive as this.

Bitcoin has been nothing short of amazing since the start of the year and it’s been accelerating this week. After BTC hit some resistance at $48,000 at the beginning of the year, it cooled back off and dropped all the way back to $40,000.

But since then it’s been on an almost straight vertical path to $57,000, after running into small resistance around $52,000. It is getting extremely close to its previous all-time high at this point, and looks like it could surpass the high water mark before the halving in April.

Trading days like Monday are the days we’ve been waiting years for, and those of us who have stuck around since the last cycle couldn’t be happier. The good times in crypto are here once again, and they are just now starting.

If you’re already invested in crypto or if this is your first time, I’ll be here to break down my research and analysis and point you in the right direction. Most new crypto investors struggle to understand the larger direction of the crypto market in the medium and long-term time frames, and that is precisely what I can help best with.

The majority of my research into this market has been to understand the general trends of this market and how they can push or pull the prices of different market sectors and individual projects. So join us as we embark on this journey together!

Now, the crypto market does have a tendency to blow past expectations at times and prices can run away from you in a hurry. Plenty of investors have been sitting on the sidelines waiting for a dip to use as a buying opportunity to get in on the action, but they’re going to have to wait a little longer.

This is why it pays off to scale into the market or to employ a bit of a dollar cost averaging strategy when you’re looking to get in or out of the market. If you own a small bag of crypto at least you’re in on the action and can hold out on the FOMO (fear of missing out).

So why has the start of this crypto cycle been so much more explosive than the last few cycles?

Well, there are likely several factors, but the obvious difference is the addition of the new spot Bitcoin exchange-traded funds (ETFs) that were introduced this January. The crypto market now has BlackRock (NYSE: BLK), Fidelity, and VanEck contributing to the volume with their new ETFs.

These TradFi players have huge investor bases and are presenting the option to invest in Bitcoin to a new large audience, and they’re already pulling in volume. There have already been more than 300,000 BTC purchased and held through these ETFs.

The ETFs are obviously changing the game for the crypto market. Additionally, they have added some credibility to Bitcoin and the entire crypto market in the eyes of many investors. The fact that Blackrock and Fidelity are willing to put their name on these products means something to many people on Wall Street and to the average investors alike.

Could this be the cycle that finally brings about the mainstream adoption of cryptocurrency?

Maybe.

I’d put 50/50 odds on it that mainstream adoption occurs in this cycle. This very well could be the last cycle for crypto investors to make life-changing amounts of money, so get in on the action while you can.

Perhaps you’ll also get a decent buying opportunity soon. Historically there have been pullbacks in the price of BTC right around the time of the halving. Consider it a buy the rumor, sell the news event. That price correction has historically been a good time to buy in on the crypto market before things get crazy, and the halving is soon approaching.

History doesn’t necessarily repeat, but it does rhyme, and we should be on the lookout for a little pullback and an opportunity to add to our positions or enter the market fresh. The fun times are here and the bull market is cooking up something exciting.

I, for one, have been patiently waiting for times like this and couldn’t be more excited for what’s in store for us in the months ahead.

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This article previously appeared on Investing Daily.