Good evening to all my friends. I hope you all are doing well. I am having a fantastic day. Let's talk about crypto market now. Bitcoin & eth both dumped and now trading below $100k and eth below 3.5k. Here's the detailed analysis of Bitcoin price movements and cryptocurrency market. Bitcoin has experienced some price corrections, dropping below $100000. These corrections are normal in crypto market and this is the perfect buying opportunities. Historically, Bitcoin has seen 15-40% correction in bull markets so there's nothing to worry about. Current analysis suggests that Bitcoin might reach new highs by mid to late 2025, potentially pushing the price to $130,000 to $150,000.
Friends, despite these corrections, the overall long-term trend is upward. Short-term corrections can create opportunities, especially in altcoins, which haven't seen the same explosive growth as Bitcoin. Our focus on holding and gradually entering positions during pullbacks rather than waiting for specific lower levels, as these might not materialize in a strong bull market. As i said in my previous blogs that broader outlook for the crypto market suggests that the next bull run will likely begin around 2025. The total market cap of cryptocurrencies could reach $3 trillion (excluding Bitcoin), with Bitcoin potentially contributing to a $7 trillion market cap overall. Don't worry about the short term price action. Good days are ahead. That's it for today. Thanks & have a good day!!