1:30PM PRICE CHECK EDIT β¬οΈ
(Hive & Bitcoin)
End Edit***
The Mid-Week Market Post! π Talking Bitcoin On This Wednesday Night!
With Hive interaction slowing, Iβm not going to record a vlog daily anymore and will do mid week check in more focused on one item going forward. Iβll do my Week-End Market Vlog once a week still to go over the week prior but during week Iβll be keeping it text and do a specific topic.
Back in December I said I was 70/30 % sure Bitcoin had topped in October at 126K, many disagreed and I did hold out there was a chance we could have one more leg up. That said I said if no sign of it by February 1st and if we see 70K around same time than Iβm moving to 100% the top for cycle was exactly where it always is, last quarter the year after having! It topped around $1200 in 2013, 20K in 20-7, 69K in 2021 & now 126K in 2025. Twice in November, once in December & now once in October. Each time making a new All Time High.
As much as I see pointless negative attitude for Bitcoin from many on Hive which has never made sense to me, the most nonsensical takes Iβm seeing right now and past months is the Bitcoin podcast community, who all literally all claim the Bitcoin 4 year cycle is dead and 2026 will bring new ATHβs. This is ridiculous & no evidence backed take. Iβm team Bitcoin but it showed no sign of the 4 year cycle breaking at all. Every time we grow to a bigger cap, the growth % wise slows. This is because itβs a lot easier to get something to double when itβs a million total cap or billion total cap than trillion of trillions. The top for this cycle was always going to be not more than double or so the 69K high in 2021, and next one in 2029 will likely follow same path. The Bitcoin cycle is strongly still here as we retreated from a top of 69K and touched 15K as the bear low last cycle, we will go below 50K this year or next year and Iβd bet 40K is possible but definitely as we at 63K are 50% down and we are only 7K away, the 70% plus move is not dead Iβd bet.
We are only a few months past the All Time High & already almost 50% from it. Bitcoin is heading to 40K - 50K area minimum to bottom. The one thing that did change this past cycle is alt coins not blindly following bitcoin to new ATHβs, something Bitcoin maxis would of celebrated in past but the vocal ones are just obsessed with price and falsely believing the 4 year cycle is dead, itβs not! Not for Bitcoin anyway!