🚨 BTC at $40k or $100k? Why the "Bears" might be wrong this time.
I’m seeing many professional traders swearing that Bitcoin will still seek corrections of 30%, 40%, or more, as they did in past cycles. But are they looking at the new scenario or just repeating what they saw in 2018?
The game has changed, and here are 3 reasons why BTC might not drop as much as they expect:
1️⃣ Institutional Scarcity (The BlackRock effect): Previously, BTC was in the hands of retail speculators who panicked. Today, billions of dollars are locked in ETFs. Institutions do not have "weak hands"; they buy the dip and hold the price.
2️⃣ The Post-Halving Supply Shock: Production has decreased, demand has increased. It’s the basic law of economics. For the first time in history, BTC is leaving exchanges at a faster rate than it enters.
3️⃣ Global Liquidity and Mass Events: With the World Cup and major events approaching, the exposure of cryptos to the masses will be bizarre. The influx of new money during these euphoric periods often provides support for the price.
Conclusion:
While many expect BTC to drop to "buy cheap," the market may simply not give that chance. Corrections are getting shorter because Bitcoin has matured. It is no longer an experiment; it is a global store of value.
⚠️ Question for the traders on duty: Are you waiting for the magical 40% drop, or have you already realized that the support level has changed?
👇 Comment here: Has the bottom passed, or is there still blood coming?