Some people are bearish down to 80k and 70k with a comment that may not please the bears but is very realistic and confident: it is much more likely to rise to 120k than to drop below 80k! Haven't you seen the monthly chart about to start the next big bullish candle? At this stage, 4-5 consecutive bullish monthly candles are very normal.

Remember a comparative logic: in the last bull market, BTC almost broke 70k and had the chance to surge to 100k, starting from around 3600, while this round's starting point is around 15600, raising the baseline by about 4 times. 100k is just a new milestone for this bull market. By the end of next year, conservatively, there could be another 30-50k points of upward space above 100k.

Many bloggers see the next three years as a bull market, reasoning that Republicans are in power. I completely disagree with this. If the larger cycle is misinterpreted, why even trade cryptocurrencies? BTC has its own strict bull and bear operation cycles; a bull market cannot last this long. The cycle of each major bull market generally lasts about 12-16 months, with 16 months being the limit. If it lasts more than six months, the spot market will revert to its original state. The next BTC halving is scheduled for April 17, 2028, from which point we can deduce that a bear market cycle will start after April 2026.

By the end of next year, it is guaranteed that the Federal Reserve will begin to release the schedule for stopping rate cuts and starting rate hikes in 2026.