I think we see a drop back to around 40K before we do lift off. With all the ETF hype earlier in the year, we went too high too fast, at least the Bitcoin price because that is what I watch and trade.

With the boom of the retarded memecoins earlier in the year also showed that many retail traders that are coming in do not care at all about fundamentals. People only care about their fiat number go up, and not the fact that their fiat supply is going up and up and up as well. We need to get back to more of a fundamental focus in the space, but that will take shaking out some idiots.

If you look back at 2019, we went from like 3K to 15K pretty fast, then back down soon after to around 6K before we launched up and over the previous 19K-20K ATH. This cycle is playing out somewhat similar as far as percentage movements, but now with Wall Street basically in control over the price action, there's no telling. My thoughts are they want some more of that $40K price action if they missed out, so they are shorting futures to lower the price to where they want to buy either on-chain or ETF shares at a discount. Just my dudely opinion.

Who knows what is going to happen, I just want people to be ready for anything with this insane geopolitical landscape, or more like hellscape. I am stocking up on 3d printer plastic to make things I need, seeds, bullets and things to launch bullets from, haha. Tools, solar panels, batteries, etc. Crypto is great and all, but can be incredibly disrupted if the ISPs are ordered to shut down. But again, just a dude living in the woods talking shit on the internet, lol.

But I digress... I think this cycle is going to run differently than others now that Bitcoin and soon Ethereum with ETFs are giving the big boys a big way to manipulate the markets. They have WAY more patience than most people in the crypto space, so they are okay letting the smaller guy freak out and capitulate before they let the price lift.