I’ve been watching the market closely, and honestly, I just don’t see Bitcoin pulling off a 2X move like it did in the last cycle. Don’t get me wrong—I’m still bullish long-term, but this particular run feels different. The hype isn’t as wild, the retail crowd isn’t as loud, and even the ETF news, which was a big deal, already got priced in pretty quickly.
We’re also dealing with a completely different macro environment now. Interest rates are still high, money’s not flowing like it used to, and big institutions are playing it safe. On top of that, post-halving sell pressure from miners is real, and it’s adding friction to upward momentum.
Though i think we’ll see growth, I just don’t see it blasting through $110K anytime soon. This cycle feels more like slow adoption and consolidation than the kind of euphoric breakout we saw before.
