I predict that the bull market peak in 2029 will only hit $170,000, with the date being 2029/09/03.
So, in my view, a dip in Bitcoin right now would be a massive win for the crypto space. We should all pray together for it to drop to $35,000, that's the way to go. If this bear market doesn't drop enough, the profit potential in the next bull run will be severely limited.
Assuming $60,000 is the bear market bottom and $170,000 is the top, the bull market would only have +183% profit potential; assuming $35,000 is the bear market bottom and $170,000 is the top, the bull market still has +385% left to play with.
Bitcoin's wild volatility is what makes it so attractive to outsiders and speculative traders. If this bear market doesn't correct enough, the imagination space for the next bull market will shrink too, and Bitcoin's price might start stabilizing. Speculative traders may lose interest, and at that point, Bitcoin could really become yesterday's news.
So, in my view, a dip in Bitcoin right now would be a massive win for the crypto space. We should all pray together for it to drop to $35,000, that's the way to go. If this bear market doesn't drop enough, the profit potential in the next bull run will be severely limited.
Assuming $60,000 is the bear market bottom and $170,000 is the top, the bull market would only have +183% profit potential; assuming $35,000 is the bear market bottom and $170,000 is the top, the bull market still has +385% left to play with.
Bitcoin's wild volatility is what makes it so attractive to outsiders and speculative traders. If this bear market doesn't correct enough, the imagination space for the next bull market will shrink too, and Bitcoin's price might start stabilizing. Speculative traders may lose interest, and at that point, Bitcoin could really become yesterday's news.