Bitcoin Bulls Hold Strong 🐂 – Analyst Says Crash Doesn’t End the Rally
Bitcoin has dropped sharply in recent days, but one prominent crypto expert remains optimistic. Bitcoin remains bullish despite the downturn. This is only part of a wider trend that has repeated since 2022, he says. He believes this cycle is not finished and the market will rise again before a bear period.
After a rise, the price retests support, rebounds back, corrects somewhat, and reaches a new local high.
$103,000 is the most important threshold today. If Bitcoin doesn't go below that level, he predicts one more large pump before the cycle levels out. He wants to relocate between $150,000 and $175,000. He believes this is the final push of the bull run before the market enters bear mode.
He thinks traders get caught up in short-term dips without recognizing they are part of a pattern. Looking in the broader view, the Bitcoin bull market has more to go.
Gold-market similarities suggest bull run continues
He said many experts felt gold peaked around $3,500 technical goal. He says a short squeeze kept the price up. He claims the quick spike was aimed to capture retail customers in a “suckers rally.”
He says gold demand is so great that even store owners with decades of expertise have never seen business like this. This type of enthusiasm generally signals a cycle peak. After Russia and Ukraine restore peace, he predicts gold to decline by $600 to $1,000, confirming the market's cyclical character.
Similar lessons apply to Bitcoin. Despite loud voices pronouncing the bull run ended, He sees the decline as a respite before another big rise. His objective is to spend $30,000 in the next economic cycle and then buy powerful cryptocurrencies. He believes patience and cycle respect work best.
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