Money flowing out of Bitcoin will flow to the Altcoins?
How are you feeling today my dear reader?
I am hoping you are having a wonderful week.
Just as a friendly reminder, Bitcoin's correction is not yet over and $40,000 is likely NOT the bottom of this corrective phase.
How low it truly goes it is an open ended question but it is something that will surprise most participants, as usual.
Why would Bitcoin move lower?
Why not 100K?
The market moves in cycles and it tends to seek balance.
A prolonged bullish wave, 16 months, is matched by a strong correction.
It is just the way it works.
This is normal market action and this should not discourage anybody... We are full green for 2025 and the only troublesome period is between now and October.
The "trouble" period for Bitcoin is August 2024 and September 2024.
October 2024, November 2024 and December 2024 is neutral and recovery.
January 2025 and February 2025, is back to high prices and green. Then we will see massive growth in 2025 until we hit a new All-Time High of around $190,000. More or less.
Hold strong throughout the correction.
Consider the altcoins. Many hit bottom. It is wise to buy those trading low and sell those trading high. Trading 101. Simplicity is key.
Feel free to leave a comment if you have any questions.
Namaste.