The market is volatile, the BTC price could go up and down by 5-10%. I expect a short term bear market during the summer.
Historically speaking, the summer isn't the most bullish season for BTC. Maybe there will be price pump by the end of the year or the first quarter of 2025. All the conditions for a bull market are about to be met. The USA keeps printing money. The conflicts in Ukraine and Gaza might come to end(after Trump becomes president, but who knows?), there isn't any major FUD against Bitcoin right now.
I'm sad that I've missed the opportunity to sell more BTC at a price above sixty thousand dollars. Maybe next week, the BTC price will drop bellow sixty thousand and it will stay there for several months.
I think 5-10% movement is not really that big, in the world of crypto we could go up or down that much daily and wouldn't really be a shock. I do however think that we are going to end up with something much worse if we are not careful, because dropping 20-30% is not impossible in the crypto world as well and it takes a bit longer for that to happen.
However, a good increase to over 70k and breaking the all time high again doesn't seem like it would be unlikely to me, it feels like it could very well happen. I am not saying that it will happen but it wouldn't be impossible neither. I personally believe that we are going to end up with making some money during this month and then during the summer we could maybe stay around the same or a bit lower not big. We should do fine until the end of the summer and then start going up super high.