So we might be at the end of the cycle of the bad year part. Getting into the dogs days and following the small increment pump. So far we had the largest pump of Bitcoin price in a long time with almost 25% increase to 82k from it's initial 63k. This has put the focus back on the cycles and supercycles. Personally I think the supercycle was just something that was said with not real data to prove but only speculation of how the market will change. In the end, the market didn't change and a year ago we were having our ATH. This year we are breaking out of that in late August to September.
There are some theories out there, including the Donald Trump declarations and the way that the US has been handling their debt. With the secretary of the treasury, Scott Bessent, buyback announcements. This created a huge run to refuge on alternative assets like Bitcoin and Gold. [1]
What is true is that it's been over a year of bear market and we did the necessary drops on the price for next to a year. There might be some drops and re-test of price floors but the trend switch might look just in time for it. If this is true. Some months ago I asked the AI about the possibilities of Bitcoin monthly performance.
Gemini updated replies show the following:
This gives you some probable end of the year and could in theory put the price in a more workable situation. This is a great situation specially on November. Beyond Bitcoin the crypto market as a whole might present some great opportunities for different altcoins such as ETH, BNB, SOL, LINK, HYPE, ZEC and others.
The video highlights the legislative push behind the Clarity Act, alongside an analysis of the implementation of the Genius Act and how these regulatory measures can significantly benefit a wide variety of alternative cryptocurrencies, including major projects like Ethereum and Solana.
This perspective provides a very interesting outlook on which digital assets could lead the market and capture investor attention this year. Furthermore, advancements in asset upgrades geared toward tokenization are finally enabling the rollout and consolidation of the trading platforms that have been promised for some time.
Way to go on the daily Ecency leaderboard quest, @jza! Great analysis on Bitcoin’s cycle trends and the reality behind supercycle speculation.
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