- Bitcoin received many calls for the end of its bull run and the start of a bear run.
- Analysts get ahead of this calling them false claims.
- Instead they confirm a steady pump for new ATHs in the coming days.
Bitcoin’s continued fall in dominance and prolonged sideways movement has led to a fall in market sentiment. As more and more traders and new investors give in to FUD, new calls arise for the end of the bull market and the start of a bear market. Despite these rising expectations, seasoned analysts remain resolute: a new cycle top looms for Bitcoin (BTC).
Bitcoin’s Delayed Progress
As we can see from the post above, this analyst makes it clear that the current ATH of BTC at the $108,000 price range was not the cycle top price for the ongoing bull cycle. He says that these claims for the end of the bull market and the start of the bear market are false and draws parallel to the previous bull cycle when non-believers did the same during a prolonged BTC price drop period.
An Inevitable BTC Price Explosive
The post goes on the highlight how BTC price fell last cycle and this hints at a possibly greater price drop of BTC where the current $95,000 price could fall to $88,000 to $90,000 only to have the pioneer crypto asset trade higher in Q1 of 2025 where BTC will go on to set a series of newer ATHs like it did last month.
Adding to this bullish narrative is another post that shares the Bitcoin roadmap for 2025. As we can see, this analyst highlights The Wyckoff Method where BTC sees a short dip and sideways movement following a fast price move, builds pre-tension and sees a trend continuation before moving into an explosive new range for BTC ATHs.
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