The Bitcoin halving, is it bullish? The Ethereum ETF, is it bullish? Is Bitcoin going to go absolutely parabolic and are you going to be financially free? Let's talk about it.
Bitcoin is at $59,000 to $69,000. All of your other cryptocurrencies are nowhere near their all-time highs. This is going to be the most realistic crypto Binance Square article you have ever read.
When the Bitcoin ETF hype came first time around, we saw the price go up. And then the day of the ETF, it crashed absolutely down. It quite literally free-falled. And the market took many weeks to bounce up from that and recover.
So historically speaking, we saw that Bitcoin actually crashed when the ETF did get approved.
So the same people who saw that happen are saying that Ethereum is going to go to $10K when the ETF gets approved. If Bitcoin, which is the digital gold, jumped on the day of ETF approval and the following week, you think the silver, whatever you want to call it, the silver of crypto Ethereum, which I don't know why people say digital gold and silver, but I'm just giving you an example.
You really think that Ethereum is going to bump? It will. I have no doubt about it. But if you think it's not going to pull back or buy the rumors, sell the news, it doesn't happen again, then you have to really be a different level.
So now we know that that's probably going to happen. And now we also know that, historically speaking, day of the halving every four years that people anticipate, it's usually red.
Okay, so we know that Bitcoin is probably going to pull back heavy. The retail is already traumatized from the ETF approval and everybody basically getting robbed by the government as well.
Took many weeks to recover from that. Ethereum ETF is probably going to do the exact same thing, build up hype and then just take it all away.
And then many weeks later, maybe we'll go back out. The Bitcoin halving, if Bitcoin is not at a new high by the time of the Bitcoin halving, which is this month, and everybody's already anticipating that they're probably going to try and sell before the halving, or they're going to sell the day of so they don't get part of the crash.
If the altcoin rally does not happen and there is a significant crash for Bitcoin, right now or the day of the halving, if we're not at a new high for Bitcoin and no other cryptocurrencies have had an altcoin rally, then all of these cryptos are going to drop even more.
If 90% of other cryptocurrencies have not even seen their new highs in previous bull runs, you really believe that they're going to just magically pump while Bitcoin takes.
So let me just be honest with you. There's going to be a lot of market manipulation. You are going to have to be very patient.
The best case scenario for everybody right now is to pray and hope that in the next 10 days or so, that every cryptocurrency starts to altcoin rally up, Bitcoin starts to see a new high, because if Bitcoin is at like $75,000 or $78,000 by the Bitcoin halving, and then let's say the buy the rumor sell the news happens, okay, we can recover from there.
But every time Bitcoin crashes significantly, and no other cryptocurrency has been able to even recover to the previous high or where they were before the crash, then if Bitcoin is at like $62,000 next week or the week after, and then the Bitcoin halving happens, what do you think is going to happen to all these other cryptocurrencies that have been sitting very, very low for the last week or two at the time of the halving? So the best case scenario is you better hope that, okay, Bitcoin is at a new high, and altcoin rally has happened in the next two weeks, and we can then survive the buy the rumor sell the news events, and then hopefully we will bounce up.
But if that doesn't happen, then what do you think is going to happen to other cryptocurrencies? People spread too much optimism to the point where retail and traders and investors keep getting wrecked, because everybody right now, there's two narratives.
There's only two narratives. One is that we're only going up. There's no downside, and very rarely do you see anybody say, hey, we might retest some lower lows.
So it's my job to let you know that when the ETF for Bitcoin happened, we dumped, okay? Every time the halving has happened, we've dumped, and anytime Bitcoin has not seen a new high and altcoins have not seen new highs, and something bad happens to the market, your altcoins see even lower lows, and then what happens? You get wrecked. So just stay prepared for the worst, because the market is manipulated heavy. And as always, not financial advice. And if you do not want to miss anything I see in real time, follow and stay updated.