Joao Wedson, founder and CEO of crypto analytics platform Alphractal has made his assumptions clear as he shares his expectations of bitcoin. He noted how bitcoin has corrected 15% from its ATH already and if this continues we might see bitcoin start the bear market starting from next year. He also noted how this cycle can't be judged the same way as previous ones because of involvement of ETFs and other major investors. But we all know how in all previous years, the last quarter of the year is when bitcoin usually pumps. So the chance of bitcoin correcting and pumping next month is possible. Are you waiting for that pump? or have you already been affected by FUD?
I'm not convinced we're in the final quarter of the bull cycle's peak, nothing is certain and everything remains a possibility. Markets fundamentally react based on supply and demand, it's still entirely possible the peak could shift to early next year or even mid-year, so I can't be certain at this point. Of course I'm waiting for a more price up, while I also have to be realistic about all possibilities.
Market cycles aren't always the same as before, but bearish and bullish cycles inevitably occur. For the rest of this year, I think we'll remain bullish on Bitcoin, but the price could still fall due to FUD and other bad news. I'm still bullish so far, so I still expect a price up.