We've weathered ETFs, halving, and now a black swan event shaking the market. What's next?
Two scenarios, both favoring investors over traders:
Sideways drift until year-end, followed by a surge in altcoins and BTC to $90,000, marking the cycle's end.
Gradual altcoin dominance, BTC hitting $130,000 by September 2024, cycle ending before US elections.
Nobody knows for sure. Funds haven't fully tapped into altcoins, suggesting room for growth, but old money must exit. No newcomers, just old hands. Hold, buy altcoins, await rewards. Traders beware, the market's law is unforgiving.
Two scenarios, both favoring investors over traders:
Sideways drift until year-end, followed by a surge in altcoins and BTC to $90,000, marking the cycle's end.
Gradual altcoin dominance, BTC hitting $130,000 by September 2024, cycle ending before US elections.
Nobody knows for sure. Funds haven't fully tapped into altcoins, suggesting room for growth, but old money must exit. No newcomers, just old hands. Hold, buy altcoins, await rewards. Traders beware, the market's law is unforgiving.
The pattern and patterns are the same, the growth of BTC, the growth of dominance, the collapse of altcoins after halving.
Then there is a slow growth and a sharp impulse growth of the altcoin + market and the end of the cycle.
It all took a journey of 18 months after halving. Do not expect a quick result, you will have to sweat.