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I think comparing this bullrun to 2021 is a mistake & we should be looking closer to 2013 & 2017. I believe the 2021 run had the wind knocked out of its sails by COVID, an overly aggressive SEC & many other factors.
This time around we should have an SEC & government that is Bitcoin/Crypto friendly. We have counties, states, & institutions rushing in to create Bitcoin reserves.
If you remember 2017 everything was flooding into Bitcoin then ETH as an entry to the ICO market, which later caused the crypto winter.
This time #Bitcoin is the target for most of these major players. Yes, there will still be an awesome Altseason. I just think those calling $150k - $250k might be a little low on their $BTC ATH estimates this time around.
Like with all bullruns outside influences play a big role, but if the US government becomes more friendly, they ease up on regulations and the world follows (as indicated), we could see a run closer to 2017, which would spill over into the rest of the market.
That fact is, we've hit adoption. Major counties are now recognizing Bitcoin. The Fed recognized it as Gold 2.0 and we're not even in 2025 yet. I believe we have a lot of room to move up in 2025. Probably not to $1M, but I think $500K is entirely possible. NFA
Despite the promising rebound from the Lower High, BTC only bounced to turn the Bull Flag bottom into new resistance
The LH is holding for the moment, but this recent turn of technical events could imply weakness on the Lower High retest
Especially since a new Lower High has developed ver recently (Chart 2) and a new potential structure within the range may be slowly forming
If the retest of the current Lower High fails, Chart 2 would become the main Daily perspective and it would be interesting to see if a Higher Low develops close to the Range Low of ~$91000
A bit of an older chart, but I still think it gives us another idea of where we're at in this current cycle and that we still have quite a bit of time in 2025 left. Low side, means the bull market ends somewhere around April-June 2025. Average cycle would put us ending somewhere around Oct-Dec 2025.
Keep in mind that this time we are supposed to have a pro-Bitcoin, pro-Crypto government in place. No more SEC chasing away Web3 projects. We have other countries, like Russia and China making Crypto legal. This could boost the cycle even more, but as always you need to DYOR and make decisions based on what you feel your risk/reward level is.