i'm violently quivering... nobody is ready for what's about to happen to bitcoin and crypto altcoins

Summary

Bitcoin's market is in a pivotal moment as it prepares for Q1 2025, with uncertainty surrounding short-term price action. Despite low liquidity and holiday factors, the long-term outlook is highly bullish, with predictions of significant gains in Q1 2025. Institutional support, including purchases from MicroStrategy and Tether, adds confidence to the market. While some bearish scenarios are possible, historical trends suggest strong growth ahead. Investors should stay cautious but prepared for potential dips, with an optimistic view toward the start of the new year and the coming bull cycle.

Takeaways

• 😀 The current market is experiencing low liquidity, making it a less exciting time to trade or invest in Bitcoin, with many investors on holiday.
• 😀 A 'micro pullback' is expected in the short term, potentially shaking out new investors, but Q1 of 2025 is predicted to be extremely bullish.
• 😀 Bitcoin’s price has been teetering between positive and negative territory, making it difficult to draw any conclusions in the current low liquidity environment.
• 😀 Historical trends suggest that Q1 of a bull market is typically the most profitable period, with both Bitcoin and altcoins expected to perform well in early 2025.
• 😀 The speaker dismisses fears surrounding Tether, noting that concerns about its stability have existed for years without significant impact on the market.
• 😀 MicroStrategy, led by Michael Saylor, continues to acquire Bitcoin, showing ongoing institutional interest, with 2,100 Bitcoins recently added for $200 million.
• 😀 The speaker predicts a possible dip in Bitcoin’s price to sub-$80,000, but believes this would be a healthy correction before a rally to new all-time highs.
• 😀 Despite predictions of a short-term pullback, the speaker remains confident in a long-term bullish trend for Bitcoin, particularly in Q1 2025.
• 😀 Bitcoin dominance is trying to reclaim the 58-60% range, but altcoins are expected to perform very well, with altcoin seasons often aligning with Bitcoin’s bull runs.
• 😀 The speaker urges caution during flash crashes, recommending having orders set at key levels in case of quick dips, which are common during volatile market moments.
• 😀 The speaker suggests that any bearish outlook or ‘this time is different’ narrative is likely incorrect, citing that every bull market has seen similar skepticism before a strong rally.

Q & A

What is the current sentiment in the Bitcoin market as described in the video?

The current sentiment in the Bitcoin market is one of uncertainty due to low liquidity during the holiday season. This has led to minimal price movement, making it difficult to draw meaningful conclusions from current market action.

Why is the end of the year considered a less exciting time for trading Bitcoin?

The last week of the year is considered a low liquidity period, meaning there are fewer market participants and less trading volume. This results in muted price movements and makes it harder to assess long-term trends or draw conclusions from short-term price action.

What role do Michael Saylor and Tether play in the current Bitcoin market?

Michael Saylor's MicroStrategy has continued acquiring Bitcoin, adding 2,100 BTC for over $200 million. Additionally, Tether has increased its Bitcoin reserves, holding $7.7 billion in BTC. Both entities' continued buying behavior suggests strong long-term confidence in Bitcoin.

What is the expectation for Q1 2025 in the Bitcoin and crypto market?

Q1 2025 is expected to be a highly profitable period for Bitcoin and the broader crypto market, particularly altcoins. Historically, the first quarter of a bull cycle tends to bring significant price increases, and many believe this pattern will continue into 2025.

Could Bitcoin experience a pullback before any major rally?

Yes, Bitcoin could experience a pullback to the $80,000 range before any major rally. This type of correction is considered healthy for the market, and while it's not guaranteed, it could provide an excellent buying opportunity.

What is the significance of Bitcoin’s short-term holder cost bases in determining future price action?

The short-term holder cost base represents the price at which short-term investors bought Bitcoin. A pullback to this level, around the $80,000 range, could signal a potential reversal to the upside, according to on-chain analysis. It is not considered bearish but rather a normal part of the market cycle.

Why does the video dismiss fears surrounding Tether’s stability?

The video dismisses Tether FUD (Fear, Uncertainty, and Doubt) because, according to the speaker, it has been a recurring theme in the crypto space for years. Tether has been accused of collapsing multiple times, but the speaker believes these fears are largely unfounded, as Tether remains a key player in the crypto market.

What is the significance of Bitcoin ETFs in the upcoming market cycle?

Bitcoin ETFs (Exchange-Traded Funds) are seen as a major catalyst for market growth. The video suggests that Bitcoin ETFs have historically coincided with major bull runs, and their increasing presence could lead to a stronger bullish trend in the coming months.

What do the Bitfinex whale movements indicate about Bitcoin’s future price direction?

Bitfinex whale movements have historically been an accurate indicator of Bitcoin's price direction. Recently, Bitfinex whales began building long positions again, which is seen as a positive sign for Bitcoin’s price. The movement of large institutional players is often considered a leading indicator for future market trends.

What is the likelihood of Bitcoin hitting new all-time highs in 2025?

The likelihood of Bitcoin hitting new all-time highs in 2025 is considered high, especially in Q1. The video discusses how Bitcoin’s historical patterns and the macroeconomic environment, such as a crypto-friendly administration and Bitcoin ETFs, point toward a strong upward trend.