I'm not very bullish and I don't think we're going to reach Bitcoin's ATH again, but I don't eliminate the possibility of going back to 100k $. It all depends on the crypto market structure passing the vote (and it being actually good for the crypto space and not just banks) and it's also possible that some of the money from Gold and Silver would rotate back to Bitcoin and crypto once they start going down again.
After the rejection on the 21 Weekly Moving Average, the chances of entering the bear market just increased.
We've seen the price of Bitcoin went to as high as $98,000, but immediately went down as soon as Trump yet again announced a tariff-related thing that pushed the price of Bitcoin to where it is right now. I'm not familiar with how Gold and Silver moves price-wise, but just by observing it, it seems like it's inversely moving with Bitcoin. I mean if Gold and Silver goes up, Bitcoin goes sideways or goes down, and vice-versa. I guess we need to wait for those whales to sell their Gold and Silver in the next weeks then they will rotate their money onto cryptocurrency and Bitcoin just like what you said, but overall, the chances of Bitcoin reaching $100,000 is going down, and it might go down even more if the price goes down as well.
Right now, the price of Gold has surged significantly, reaching $5,300 honestly, this is a first. Based on what I'm seeing, the upward trend might continue for a few more days. In my opinion,
this isn't the right time to buy yet; I’ll just wait for the price to dip.
I missed out I should have bought it when I saw it at $4,300 last year; I would have been in profit by now. Silver is also rallying alongside Gold, so it’s likely that it will follow Gold's lead when the price drops. Meanwhile, it looks like Bitcoin is experiencing a short-term price rejection in my view.
