Altcoin SUPER SEASON. Bitcoin’s $100K Moment
Crypto Firing On All Cylinders!
The crypto market is firing on all cylinders, and if you’re not feeling the bullish vibes yet, you’re not paying attention. As Bitcoin inches closer to $100,000 and headlines swirl with wild predictions about seven-figure price tags and institutional FOMO, it’s clear we’re entering a new phase in the cycle. Let’s break it all down, from the charts to the news driving this explosive momentum.
Bitcoin Knocking on $100K: What’s Next?
Bitcoin is flirting with its all-time high and looks poised for a major breakout. Historically, this is the moment when things really heat up. Just like in 2017 and 2021, Bitcoin’s current momentum is setting the stage for altcoin season, and the data backs it up:
200-Day Post-Halving Patterns: Bitcoin’s price action mirrors what we saw in previous cycles, where massive moves followed a few hundred days after the halving.
Bullish Fundamentals: With supply shock metrics stronger than ever and institutions stacking sats, Bitcoin’s fundamentals are screaming bullish.
Some are even speculating about a U.S. Bitcoin Reserve becoming a reality under a Trump administration. And as of hours ago, it became even more real as President Trump's crypto advisory council looks set to establish a U.S. Bitcoin strategic reserve, per Reuters.
If this happens, seven-figure Bitcoin becomes more than just a dream—it becomes a roadmap. Whether or not the legislation passes, the narrative is enough to stoke market excitement.
And just when we thought the crypto world couldn’t get more dramatic, a massive shift in the regulatory landscape has arrived. SEC Chair Gary Gensler announced his resignation, marking the end of his tenure as a key figure in what many considered the “anti-crypto army.” This news comes as a major win for crypto enthusiasts who’ve been advocating for fairer treatment of the industry. With pro-crypto voices like Trump, RFK Jr., and Vivek Ramaswamy gaining influence, the stage is set for significant regulatory shifts in the United States. The question now is: will this pave the way for crypto-friendly legislation and the much-speculated U.S. Bitcoin Reserve? As Bitcoin teeters near $100K, this development only adds to the bullish momentum surrounding the space.
Altcoin Super Season: The Next Big Play
If Bitcoin hitting $100K seems wild, imagine what that does for altcoins. Historically, retail investors flood into altcoins once Bitcoin seems “too expensive,” and this cycle is no different. The potential for outsized gains in altcoins is astronomical. Key indicators:
Bitcoin Dominance: While Bitcoin’s dominance remains strong, we’re seeing early signs of a shift, which typically precedes altcoin season.
Altcoin Season Timing: December looks primed to kick off a super season for altcoins, similar to what we saw in early 2021.
Cardano’s Breakout: ADA is nearing critical resistance levels, and its ecosystem is booming with new TVL highs. The long-term fundamentals, like Bitcoin OS integration and partnerships with Ripple and Stellar, make Cardano a top contender for this cycle.
The Case for $3M Bitcoin
Could Bitcoin hit $3M? It sounds outrageous, but it’s not as far-fetched as you might think. Here’s the math:
Reserve Asset Status: If Bitcoin becomes a modest 2% of global central bank reserves, models project a $3M price point by 2050.
Gold Replacement: With discussions around the U.S. converting gold reserves into Bitcoin, the upside potential is staggering. Bitcoin at gold’s current $18T market cap puts BTC at over $900,000 per coin.
This isn’t happening overnight, but the seeds are being planted for a monumental shift in how the world views Bitcoin.
Dogecoin’s Successor? Enter DOG
The meme coin narrative has a new contender: DOG, the #1 meme coin on Bitcoin. DOG is making waves, nearing a $1B market cap without tier-one exchange listings. Once those listings begin rolling out, DOG could easily 50-100x, flipping its competition and solidifying itself as a major player. Stay tuned for more news about the floodgates of Bitcoin liquidity opening up as well.
Prepare for Volatility
While the charts and headlines scream bullish, let’s not forget that crypto’s path is never linear. Expect dips, consolidations, and wild volatility along the way. But the macro trends are clear: we’re at the start of something historic.
If you’re not already positioned for this, now is the time to prepare. Bitcoin, Cardano, DOG—these are the narratives driving the market. The opportunities are immense, but staying level-headed and focused is key.
Final Thoughts
As we near the end of 2024, the market feels eerily similar to the early stages of previous bull runs. The fundamentals are stronger, the narratives more powerful, and the upside potential unprecedented. Stay grounded, zoom out, and stick to your plan.
If you enjoyed this update, share your thoughts and projections. Are you ready for the next leg up?
Stay tuned, and as always, God bless. 🙏
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Raoul mentioned a guy he recently met out here in SF, that bought $2Mill of BTC @ $6.00. Whoa ….imagine the nads that it took, to do that, at the time, and to still be holding long … Amazing mental strength…BTW, Tom Lee recently, in a Zoom, said he expects BTC to $250K, next year …FWIW
Lotta fun around the bend for the crypto space - be smart, don’t over allocate and watch the BTC dominance going into ‘25 - DYOR.