My odds are here greater than 70% , yeah the waves theory. We should expect the dump. Since market was recovering and money was also shifting it's gear , we saw a massive volume and money sure into ETH , other than Bitcoin. So if we were to expect a green market a correction should be made here. Although if BTC recovers $120k my theory will be invalid . We all know this year market was so uncertain and uncertainty can happens. Day trader's rn looking for a correction on BTC.
I have been following the price of Bitcoin for over a decade, and it now feels like it is a lot more influenced by geopolitical events. Above all, whenever the Bitcoin price goes up, surely, it will surely get dumped. I agree on that point of yours, but I still believe there will be a big correction, and it will happen before Israel and the US attacks on Iran, or maybe after the attack. The thing is that the attack should happen next month. I am assuming if Bitcoin price continues to go down, then it is a sign that those corporations are now selling it to fund the next war.
The price of Bitcoin is so synchronized with geopolitical events because of the US President. It is evident that due to failed talks between the US and Russia, the market went into the red. When it was announced that these two leaders were going to meet, the market was in green. I do not like the President of the US, but I should say that because of him Bitcoin price did go beyond 100K. I would also like to state that because of him, it is possibe we might see a big dump in Bitcoin price.