There’s a lot of talk right now about a potential crash for Bitcoin, with many articles warning that the "biggest drop" could be coming soon. But I strongly believe these predictions are wrong. In fact, I think Bitcoin is about to soar to new highs. Let me explain why.
1. Bitcoin Is Breaking Key Levels
Bitcoin has already broken past $65,000, which is a key resistance level. This is a positive sign that things are looking up. The next important resistance to watch is $70,000, and I expect Bitcoin to break through it soon. Once this happens, we could see a strong rise in Bitcoin’s price.
The idea that Bitcoin is going to fall because it’s struggling to break $70,000 overlooks the bigger picture. Bitcoin always goes through cycles of resistance before making new highs. Breaking this resistance could be the key to a new upward trend, and I believe that this rise will happen.
2. The 60% Acquisition Rule
Some people are concerned about big institutions accumulating Bitcoin, but this isn’t something to worry about. When Bitcoin acquisition by institutions reaches 60%, it’s usually followed by a period where altcoins (other cryptocurrencies) start to rise. This doesn’t mean Bitcoin will fall, it just signals a period of growth for other coins too.
We were already watching Bitcoin around the $60,000 area, and the market has held strong. While $70,000 is a strong supply zone, once Bitcoin breaks through, it could easily take off.
3. Economic Factors Are Actually Helping Bitcoin
The economy plays a big role in how Bitcoin performs, but not in the way many bears are suggesting. Rate cuts from the Federal Reserve and economic stimulus from places like China are actually positive for Bitcoin. In the past, these conditions have led to major bull runs. In 2021, similar rate cuts fueled a huge Bitcoin rally. So, instead of fearing these conditions, I see them as fuel for Bitcoin’s growth.
4. Corrections Are Normal and Necessary
It’s normal for Bitcoin to go through small corrections (price drops) as part of its natural cycle. These corrections help clear out over-leveraged traders and build momentum for the next rise. While the $69,000-$70,000 zone is a strong resistance area, I believe a correction, if it happens, will only be a temporary pause before the next big move up.
5. October and November Are Historically Bullish
Historically, October and November have been very positive months for Bitcoin. Even though some are warning that this year might be different due to current economic conditions, I still believe that we’re in a good position to see upward movement in the coming weeks.
Conclusion: Bitcoin Is Ready to Fly
While many are warning of a Bitcoin crash, I see the exact opposite. After breaking $65,000, Bitcoin is showing strong momentum, and once it passes $70,000, we could see it soar. With economic conditions and historical trends in our favor, I’m confident Bitcoin is ready to reach new highs.
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