Post
Topic
Board Speculation
Re: My thoughts on Bitcoin in the next few days or weeks
by
Die_empty
on 02/05/2025, 16:47:48 UTC
With the market rising high, there is hope that Bitcoin might reach a new ATH. Being a chartist, I am expecting a new ATH soon, and this ATH will usher us into the bear market proper.

In the last bull market, we saw the last ATH at Q1 of the new cycle, and now, we might be seeing it at Q2 of this new cycle. While Bitcoin is likely to hit a new ATH, altcoins won't do too much especially ETH, but they will dip more.
Nobody is sure how the price of Bitcoin will get to this season. But I am speculating that this move will not be the last before the bear season. Even if it hits ATH, there are chances the price might drop only to recover some time this year. Some traders speculated that we would enter the altcoin bull season this second quarter, but there is no indication that it will happen. Altcoin price movement has been solely determined by Bitcoin price.