WHY I FEEL BITCOIN CAN'T GO TO 100K IN 2024

So as a follower of the crypto space, I have realised the important of Liquidity in trading. So for example, if 10 people buy bitcoin today at $5, it means BTC will have a market cap of ≤50, that's assuming Satoshi decides not to lock anything.

Now BTC holds all other solid ALTs, think of BTC as a tree that holds $Sol, $Ordi, $Wif and those other strong ALTs. So if the root is properly taken care of, the branches will keep expanding.

In my opinion, I think all these top 50 ALTs are diversifications of BTC, so that if the likes of Anatoly Yakovenko invest 50M usdt into Sol, like 10M usdt is going into BTC.

But here's why I think BTC will not see 100K this year though I may be wrong. Now alot of tokens are launching everyday, the solana is there, the ton airdrop is there, that's taking good liquidity away from BTC and solid ALTs.

You see those solana rugs launching at 10,20,50,100M market caps and airdrops listing at good liquidity. I am an opportunist, so when I see good airdrops, I join, at least nobody rejects free money.

These people are taking away liquidity and putting into other blockchains, but here's the twist. Big financial guys are selling off BTC positions now to get those airdrops, thereby creating FVGs on BTC charts and causing panic in the market and small players like us are just floating and allowing them to take our small $100 but the game is the game sha.

Right now sef on the daily chart, BTC has already formed 2 red candles and not looking good.

With 2months, 30days to go, except by a miracle and wicked people don't short the market, we can even see 80k.