hello brother's
As Bitcoin sits around the 2021 highs, the support is becoming increasingly fragile.
This correction feels different from previous cycles. The influx of new retail investors has largely dried up just as institutional demand has started to weaken. Rather than moving into defensive assets, many investors are rotating capital into AI-related opportunities, draining liquidity from the digital asset market.
As a result, there is a high probability that this support could break. If it does, the $40K area is likely to act as the next major support, while the $30K region could ultimately mark the cycle bottom.
In my view, the market is going through a brutal cleanup. I expect the bottom to form around November or December, setting the stage for the next major bull run.$SPCXB
As Bitcoin sits around the 2021 highs, the support is becoming increasingly fragile.
This correction feels different from previous cycles. The influx of new retail investors has largely dried up just as institutional demand has started to weaken. Rather than moving into defensive assets, many investors are rotating capital into AI-related opportunities, draining liquidity from the digital asset market.
As a result, there is a high probability that this support could break. If it does, the $40K area is likely to act as the next major support, while the $30K region could ultimately mark the cycle bottom.
In my view, the market is going through a brutal cleanup. I expect the bottom to form around November or December, setting the stage for the next major bull run.$SPCXB