This feels like a rejection rather than a head fake, but what do I know?
Been bleeding out for days with seemingly no end in sight.
Have to admit, I am getting concerned now.
This bull market has been ass.Was 124k it, really?
Agreed, the shittiest bull market so far... I'm not sure now, but I suspect I even was richer fiat-wise 4 years ago than I am now. Taking into account inflation and purchasing power now and back then it's almost sure thing I should have sold 4 years ago. No wonder King Daddy doesn't look attractive to the retail anymore.
Of course, there's a possibility that 124.5k is not the top and we're going higher. But anyway, it's highly unlikely BTC price is going to exceed 200k. Realistically-optimistic target could be something like 150-180k.
Ok, enough whining. I'm pretty sure we're going higher this cycle in Q4. My bet is in October or early November. But there's also some sense in the "longer cycles" theory. We as well could reach new ATH in Q1 2026. DYOR.