I believe the recent surge in BTC has reached its conclusion. The term 'Mania' aptly characterizes the current state of BTC. In essence, BTC doesn't address tangible real-world issues, and the majority of those buying and selling it are driven by profit motives rather than a commitment to libertarian principles. Similar to the stock market, individuals are acquiring BTC driven by greed and selling out of fear, leading to the formation of tradable fractals. It appears that BTC has just completed a substantial ABC correction that commenced in November 2022. I anticipate BTC will ultimately decline below 15k and further. It's crucial not to buy into the mainstream narrative of BTC reaching 1 million; such projections lack rationality. I urge everyone to examine a weekly chart of BTC with the S&P overlaid to observe their correlation. Notably, all the rallies and downturns align perfectly. The crypto rally is essentially being facilitated by stock market movements; crypto is unlikely to rally unless the stock market does, and the likelihood of a stock market rally is uncertain.
Abardini