A certain group of people feels that writing about BTC isn't good for the chain, as it's not promo enough for Hive. But unnecessarily focusing on promo rather than allowing people to write what they want is to wrong way to go, and I hope they get the message. The elephant in the room: BTC has hit 50k. It has taken a lot of *ups and downs and a lot of nibbling and crawling from 40 to 49k and finally it's crossed it.
A lot of credit must go to the spot ETFs and while it could have easily capitulated after the approval, everything seems to be going on really well. To be very honest it doesn't feel monumental, but for us to be at 50k even 13 to 17 months before the peak of the bull market it's a testament to the fact that the market will do so many big things at the peak of the bull market. I feel that the bull market will peak 15 to 17 months from now.
Now I'm not trying to say the surge will continue from here, infact in days to come there might be some corrections. This means that we might need to see 55k for the correction to consolidate at 50k. This might take months to happen, but some prices exactly predict the outlook of the market and the potential we might see. Now, to the second elephant in the room: altcoin.
Altcoins are not doing so well, but you can notice the little gains here and there, but nothing too much to really be happy about. The gains are not much for anyone to take profit. This is even more frustrating because a lot of people are itching to take profit, they're on the track waiting to hit the "run" button immediately after the gun blasts, but the alts aren't seeing any run that is noticeable enough to create any attention.
However, the reason why everyone should be happy for BTC even if they don't hold it is that the alts will catch up, and some alts will even go on a bigger run than BTC is currently doing. We saw this pattern in the last bull market. However BTC is solid and hitting 150 to 170k might not inevitable, but there's a bigger guarantee on BTC than any other coin out there.
Personally, I think the market will peak in 17 months, maybe a little more than that. However, whether the market peaks in 17 months from now or not, that time frame is good enough for anyone who is willing to make profit to do so. A lot will happen between now and 17 months, but targeting a time frame helps you to be conservative rather than being greedy. So BTC is cracking and do not let the fact that the alts are crawling discourage you, take the market vibes and the positives that come with it, and keep prepping.
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