Some guy on Twitter (don’t remember his name) called this the “most hated bull market in history,” and honestly, he’s got a point. I’m mostly talking about crypto here, though the S&P is riding high as well, up 29 points since the market opened. BTC itself broke past $69,000 earlier this morning, though it slipped below shortly after. I’m betting we won’t stay under $70,000 for long. Once it breaks through, I expect the next few months to get pretty intense. Whether this is just another run or the start of something different—time will tell.
The mix of opinions is pretty wild. Some folks think we’re seeing a repeat of 2017, while others insist this cycle is unlike any before. The "super cycle" crowd is back, spamming everyone with their bullish takes, while others think the party ends by Q2 2025. And then, there’s Gareth Soloway, who has been sitting on shorts for over a year, seemingly unphased by each new high. If there’s anything we’ve learned by now, it’s that predictions are like sand—they shift constantly.
None of the experts saw this six-month range coming, which really underscores why this bull market feels so “hated.” It’s been anything but predictable, and that keeps a lot of people skeptical, even as BTC and the S&P surge together. But here’s the kicker—the DXY is rallying too. Most people expected it to tank, not hold steady alongside everything else. It’s a strange alignment, and it’s catching a lot of people off guard.
BTC has been leading the charge so far, but most altcoins are still lagging behind. I expect that to change when BTC finally clears $74,000. Up to this point, holding BTC has probably been the better call. But as we move deeper into the cycle, I’m feeling a shift. I think altcoins are about to hit their stride. Which ones will be the golden tickets? I have no clue, but my gut says that some of these alts are going to fly higher than anyone’s giving them credit for right now.
We’re also seeing some serious global moves on the crypto front. In case you missed it, three new BRICS nations—Argentina, UAE, and Ethiopia—are now mining Bitcoin with government resources. Think about that for a second: countries backing BTC mining. If that isn’t bullish, I don’t know what is. It’s a trend that seems to echo the growing global interest in crypto, even as some people still act like it’s just a fad.
And let’s not forget the timing of all this. The U.S. elections are around the corner, and historically, election rallies are massive. It’s hard to be anything but optimistic, given the context. We’re entering a period where there’s going to be a lot of attention, and possibly, a lot of movement. So yeah, I’m finding it difficult to be bearish in this environment.
Despite the action, though, market psychology hasn’t reached full-blown mania. We’re not seeing the retail crowd completely dive in yet, and that’s something to watch. When the crowd finally does go into overdrive, that’s when things tend to get dicey. It’s at that point that we’ll probably see some intense profits taking—and I’d advise you to be ready because, by then, the house of cards usually doesn’t stay up for long.
Thinking back to past cycles, this one feels different, but the fundamentals of timing the market haven’t changed. Buying at reasonable levels, especially when there’s fear, and taking profits before the herd piles in—that’s still the play. So while we’re riding this wave, it’s crucial to stay grounded and remember that euphoria is often the last phase before a downturn.
Even with all the bullish signals, I’m keeping my eye on the horizon. The psychology of these markets doesn’t change much, and sooner or later, profit-taking will begin. The key is to make the most of these opportunities without getting swept up in the hype. At the end of the day, it’s about seizing your gains before the market flips on its head.
So, as we gear up for what could be a wild run, my advice is this: stay alert, stay nimble, and don’t let yourself get lulled into complacency by the price action. Take your wins when they come, and remember, as much as we like the thrill, this is still a game of strategy.
Thanks for your attention,
Adrian