The sentiment on crypto Twitter, especially in the comments sections of tweets by renowned influencers, feels like this range BTC is currently stuck in is never-ending. But need I remind you that the uptrend, from where it fell into this range, seemed never-ending as well?
Back in early 2024, after the ETFs went full banana mode, it felt like the ceiling for BTC was gone. We were wrong. Most of us were dead wrong. And for the past six months, BTC has shown us that nobody knows anything for sure in this market.
Whoever claims otherwise is a fucking liar. BTC is supposed to have one more dip before skyrocketing, but so far, it refuses to do so. The question we should be asking now is: when will Bitcoin challenge and conquer $74,000 again? My personal take? Q4 of this year.
It happened in the past two bull cycles, and history will repeat itself, imo. Q4 of every halving year is bullish as fuck, and the year after the halving marks the top of the bull cycle. It’s never been simpler. Yet, we keep complicating things... Most of us would probably do better if we just bought near the halving and stepped away from the charts for a year after.
Personally, I’ve messed around with my portfolio because I stayed too close to the market and got too wrapped up in CT. But nothing too severe...
That being said, there's something else I want to mention in this post aside from BTC. It’s altcoins.
I don't know if you've noticed, but altcoins have started to show strength against BTC. Not all of them, of course, as BTC.D reflects, but while BTC seems glued to the $63,000 level, some alts are waking up—HIVE included. The same thing happened in 2020.
I wasn’t around for the 2017 bull market, but if we can even replicate the 2021 one for altcoins, I’d be more than happy with that. $1,000 invested in the right alts right now could work miracles for your personal wealth. Mainstream media won't tell you that, though...
They'll only start talking about BTC when it reaches overheated levels, but by then it’ll be too late. That’ll be weeks, if not days, before the house of cards falls. And yes, I do believe a bull market is a house of cards. Maybe tech will eventually prevail, but it’s going to take time for Bitcoin to stabilize like gold, without the crazy volatility we’re seeing now.
Bottom line, no one knows when the market will challenge its previous ATH and enter price discovery again, but we can be sure 2025 is going to be life-changing. Who knows... maybe we’re just days or weeks away from that breakout. We’ll see.
Thanks for your attention,
Adrian