Bitcoin Price Action 3 – 1 year OPINION

https://preview.redd.it/0ciyypv8smtg1.png?width=1080&format=png&auto=webp&s=65d022c163405b4670911b76527ed51792d230f4

people will say I’m wrong and that the trends are clear. Up to now we have always respected the timeline, and everything has its moment. But let’s try to explore the crypto space more from a macro perspective, without focusing on microstructures like double bottoms and all that kind of nonsense.

As we can see in the chart I developed, the same situations always happen in every cycle: whales accumulate, Bitcoin dominance collapses, retail enters, whales take their money out, retail loses money, and whatever little money they have left, they pull it out too. And so it keeps repeating over and over again, of course keeping in mind that BTC forms a top.

This time, everyone is calling for a bear market, but 2 of the 3 things I mentioned never happened. There was whale accumulation, but dominance never dropped, and even worse, retail never entered, so there was no real bull run.

But what if this is actually just a bear trap? What if it has all the signs of a bear market and too many signs of capitulation, but in reality it is only what we each believe, or what we are letting the crowd convince us of?

I believe that over the next 4 years BTC will continue following the path of gold. Altcoins, of course, will be influenced by whether they manage to achieve real adoption in the market. If they do not, then they will not. And it is even possible that we may not see the major bear market that everyone is hoping for.

I leave that for all of you to think about. Question what YouTubers are telling you, because nowadays everyone thinks they are a journalist and they spread fear.

Best regards.

Summary:

From my point of view, there is still a possibility that a bull run could happen, because the BTC cycle has not been fully completed. It never reached a notable top with retail participation and with Bitcoin dominance down, so I expect a rebound. I am not guaranteeing a new ATH because time is short, but I do think it could get close, somewhere around 110k to 120k.