Just when we were expecting major corrections and pullbacks, BTC hit, and I believe it is now closer to 100k than any potential pullback below 90k. I believe a lot of people are waiting for 100k; it feels like a holy grail to some, but for people like us, it is when alts will start to do anything meaningful.
Although, before BTC hit 90k, Ethereum made a strong push to 3k, which we thought would be sustainable and possibly the start of something bigger, it wasn't. Eth is the gold standard when it comes to predicting altcoin movement, and since it has pretty much remain the same for over a week until a few hours ago.
If you understand anything, you will notice that this cycle's BTC movement has not pushed most alts, and I believe this is because altcoins are waiting for their turn; it is frustrating, but it is what it is. It is not yet 2025, but the sentiment is one of impatience and frustration.
Personally, I believe that altcoins will not move until January, because 2025 is the proper bull run year, and BTC's parabolic run is still ongoing. Those who predict that BTC will peak at $114,000 should reconsider, because BTC appears to be capable of much more.
Anyway, I do not doubt anyone who is overly pessimistic; the bear market has put a lot of numbers on us all, and it is much easier to make price predictions for where we believe the market will peak. Based on market movement, no one can predict what will happen between now and the end of the year.
We have often been proven wrong on the majority of our predictions, and to be honest, the only thing anyone can do is wait and see.
Although I know we have been predicting pullbacks, they do not appear to be happening on a large scale; for example, 96k back up 83k, with the alt taking a big hit as usual. But, somehow, I believe we will still have that pull back before the end of the year.
Is it going to be as massive? And does this mean we will not finish the year with 100k BTC?
It is possible.
At this point anything feels possible, but what doesn't look likely is BTC staying under 100k heading into 2025. It does not seem likely, but anything is possible.
For those who have wild predictions like 200k, I do not think it is as wild anymore, but I do believe that the top for BTC will be around 150 to 180k max, and I do not think it will go higher than that, but again, there is something about this cycle that looks so different that it is difficult to wrap your fingers around.
Again, I stand by my word that any alts' push this year will be unsustainable until it is time to moon hard, but we may see a strong finish to the year.
The purpose of this post is to highlight the fact that no one knows where Bitcoin is going or what it will do with altcoins. We already have an idea, but I have a feeling that there will be an element of surprise in this run, and no one knows where it will come from.
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