Fasten Your Seatbelts, The "Golden Age for Bitcoin" is Here

I am probably one of the few on @leofinance who has been calling this a bull market for a few months now. After the double bottom that Bitcoin experienced between early November and early January, and witnessing its strength as it surpassed $20k, I had no doubt that the bear market was over.

I'm not a savvy crypto investor, and I won't pretend to be one. If I were, I wouldn't find myself in the current shitty financial position. However, I occasionally make accurate predictions, and it seems like I managed to call the bottom of the previous bear market, although I don't want to boast about it.

Being bullish is easy when everyone else is bullish, but it's nearly impossible to maintain that sentiment when pessimism takes over. So far, Bitcoin has been leading the way in the crypto market, but don't despair, altcoins will also perform well. Once BTC reaches its peak (referring to a local top) which could be around $50K this year, expect shitcoins to rally.

Some of them have shown decent performance during the bear market, but most of the market has remained relatively flat. I mean flat as a granny's ass... Anyway, I follow a few individuals on the internet who provide good technical analysis (TA), and one of them recently presented us with a great chart.

source

What you see in that circle is Bitcoin's first golden cross of MA20/200. What does that mean? It can't be bad, considering it's golden and the first time it has occurred in Bitcoin's history. Why now, though? Well, ask BlackRock, WisdomTree, and Invesco, as they are the latest big names in investing to show clear interest in a Bitcoin spot ETF.

I have mentioned in many of my previous posts that, in my opinion, the purpose of Bitcoin is not to be excessively leveraged and subject to damn ETFs. I see its value more aligned with Satoshi's vision than what these money-making mogul companies perceive. But that's a topic for another story.

Having BlackRock involved in Bitcoin means a significant influx of cash into the market. However, that's not necessarily great for us fundamentals-driven crypto enthusiasts. These ruthless institutions will cannibalize many of the traditional exchanges we currently have, and plenty of shitcoins are likely to be eliminated in the process. But if you are "positioned correctly," you're going to make a lot of money in the years to come.

Most people in crypto can't even fathom the magnitude of this bull market. The previous one ended rather strangely, without a proper blow-off top, and we should thank Do Kwon for that. However, if this bull market replicates the 2015-2017 one, with the exception that this time some altcoins will keep up with BTC from the beginning, then expect to witness fireworks in the coming years.

You know what the current sentiment in crypto reminds me of? It takes me back to 2020 when we experienced the black swan event that crashed BTC from $8k to as low as $4k in just a couple of days. At that time, it seemed like some altcoins wouldn't even come close to reaching new all-time highs. While some didn't, there were a few that gained hype or at least promised to deliver, making quite a few people rich.

I've been through two full-blown screwed bull markets in my portfolio, but I believe this one is going to be a winning one. In this bull market, we'll witness HIVE reaching $10 and LEO surpassing $1. It won't happen tomorrow, probably not even next year, maybe in 2025. However, the market owes us a proper bull market ending with a blow-off top, and it will deliver.

A few weeks, probably months ago, Elon Musk tweeted, "Let the good times roll." That tweet marked the beginning of a rebound for the S&P 500, and as you know, BTC tends to follow traditional markets. The good times are about to roll for crypto as well, so fasten your seatbelts. Don't rush to dump your coins too soon, but also don't be greedy.

Be lucid and balanced. Analyze the trends, observe your coins, and identify the patterns they are following. Write down your selling targets on a piece of paper and stick to your strategy. Don't waste another bull market because we all know how bitter bear markets can be. Stay strong and let's build wealth together.

Thanks for your attention,
Adrian

Posted Using LeoFinance Alpha