Warning: $BTC failed to break through $66.8K, and it seems “whales” are beginning to sell. With tight monetary policies being implemented by governments and limited access to cheap capital, there aren't enough buyers in the market. Those anticipating a bull run may end up disappointed. Personally, I expect a significant decline below $50K, and I don't foresee a bullish trend until the Fed reduces interest rates to below 2%.
We might start to see movement after the second quarter of 2025. The market is likely waiting for major news, and a declaration of war in the Middle East could trigger a sell-off. War with Gaza is different from a potential conflict with Lebanon, as Lebanon is recognized by the UN, and allies may be quick to offer support and weapons.
The graphic below clearly indicates that after a brief spike, a substantial downturn is looming. Wishing everyone good luck and stay safe.