Ct:moMEnTUm HaS SLOwEd DowN
Reality: etf +20k, metaplanet, strategy etc. +20k
During an open conflict Iran USA Israel..
To temper my bullishness about $BTC, I think the bearish scenario is this one :
Momentum has slowed down a lot on BTC and we're in a range, so the next significant wave of buyers will be looking to buy "value".
And this will only happen at the bottom of the range. We're in summer chop, and seeing the same kind of price action as last year is far from impossible.
Which means we could very well have BTC dip back to the $97k-$103k zone, and then bounce again from there.
If you're giga-levered, it is important, but overall it does not change the big picture. $BTC will reach a new ATH in 2025, and we'll probably see it trading at $130k-$150k at some point in the coming months.
I hedge myself for the "bearish" scenario on BTC by shorting alts. I don't think they can significantly outperform before a new ATH anyway.
(h/t @AviFelman for the momentum/value framework)
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