Warning: BTC struggles to break through $66.8K. Large holders ("whales") are beginning to sell off, signaling a lack of new capital inflows. This is likely a result of global tight monetary policies and restricted access to cheap capital. Those expecting a bull run could be disappointed.
Personally, I foresee a significant decline, possibly below $50K. I donât anticipate a true bull run until the Fed reduces interest rates below 2%, which might not happen until after Q2 2025. A market downturn could also be triggered by major geopolitical events. For instance, while tensions in Gaza are concerning, a declaration of war involving Lebanon (a UN-recognized country) could escalate things dramatically, prompting immediate support from allied nations.
Looking at the chart, after the recent minor hype, it seems a major correction is on the horizon. Stay cautious, and good luck to everyone.
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