Hi,
I'm back, finally, after a long time! After correctly guessing BTC's bottom at 15400$ back in 2022 and 2023, I've been watching its bullish upsurge in the recent months. At the moment, we're seeing BTC hovering around its previous cycle's ATH, but still unable to break it decisively. Last night we witnessed a 3% drop which also caused a 15% crash on all altcoins. Well, this is how bull cycles play out! Alts usually kept at bay, while BTC surging higher and higher; as long as BTC.D remains above 50%, the market's behavior is the same as last night. And honestly I can't see the dominance falling below 50% in the coming weeks, though there are signs that it's becoming weaker day after day. We will probably see the REAL alt-party when ETH breaks its previous ATH strongly enough, and this doesn't happen shortly. August can be an exciting month, though, just like October and December; mark those months as they will probably bring us 100k (and hopefully more) BTC as well as 6000 ETH. And this will NOT be the end of the party! 2025 can be a melting pot of excitement (the first half) and disappointment (the second half)!
For the time being, I'd like to direct the attentions to the coming days. We'll possibly see another drop in BTC to 65k level and then one final push to the 72k strong resistance, tearing it apart for the 80k, hopefully of course!
But I'm also making sure I'm having in mind the fact that being unable to break 72k can result in a crash to 60k and also less probably to 52k to gather the rich liquidities there; we'll probably need this fuel for 80k and 100k, hopefully not. This will nevertheless be the worst case scenario, and also disregarding any probable world war which might crash BTC to the 37k-42k level once again!
Stay safe,
M. B.
I'm back, finally, after a long time! After correctly guessing BTC's bottom at 15400$ back in 2022 and 2023, I've been watching its bullish upsurge in the recent months. At the moment, we're seeing BTC hovering around its previous cycle's ATH, but still unable to break it decisively. Last night we witnessed a 3% drop which also caused a 15% crash on all altcoins. Well, this is how bull cycles play out! Alts usually kept at bay, while BTC surging higher and higher; as long as BTC.D remains above 50%, the market's behavior is the same as last night. And honestly I can't see the dominance falling below 50% in the coming weeks, though there are signs that it's becoming weaker day after day. We will probably see the REAL alt-party when ETH breaks its previous ATH strongly enough, and this doesn't happen shortly. August can be an exciting month, though, just like October and December; mark those months as they will probably bring us 100k (and hopefully more) BTC as well as 6000 ETH. And this will NOT be the end of the party! 2025 can be a melting pot of excitement (the first half) and disappointment (the second half)!
For the time being, I'd like to direct the attentions to the coming days. We'll possibly see another drop in BTC to 65k level and then one final push to the 72k strong resistance, tearing it apart for the 80k, hopefully of course!
But I'm also making sure I'm having in mind the fact that being unable to break 72k can result in a crash to 60k and also less probably to 52k to gather the rich liquidities there; we'll probably need this fuel for 80k and 100k, hopefully not. This will nevertheless be the worst case scenario, and also disregarding any probable world war which might crash BTC to the 37k-42k level once again!
Stay safe,
M. B.
