Bitcoin, the Big Momma, the head of the tribe is again is going to another phase of the cycle from bear market to showing bullish signs and analyst predicts that BTC can go up to 25K this next cycle.
The last bull of Dec 2017 and Altcoin boom of January 2018, people who got rekt will never forget. Many got broke cause putting alot of money right that time and believed that BTC could go higher and higher. But the professionals or the smart money knew it was the top. Indication of double peak, and over bought.
Then... kaboom, went down...and down again... and at May June, went even lower to 3Ks. And people got desperate.
Now the golden cross has shown that it is building ground and atempting to go above 6K. It went in pass it in some exchanges but fell again. But showing support at 5,7K which is healthy.
While the alts are still not showing any force up and pounded again.
But many analyst believe that the next bullrun will hit 25K and above and will happen this year. This time it will be different. last bull run people cant even register to echanges like Bittrex, and even Binance had some issues with registration because of capacity.
Nowadays we will be ready. The fundamentals are also strong. Some signs are that institutions are now well aware and did some crypto shopping at the lowest.
The challanges in crypto are that there are too many altcoins that have little value and becomes degraded 98% of its value because at the end of the day just become an idea, all because there is still no binding law, and it is still like the Wild, wild west. Scammers, bandits still every where. This makes newbie investors afraid.
Hodlers are waiting for the next bullrun to sell, but true believers are willing to go to more cycles and wait like for 5 years then harvest their investment.