Ivan discusses the recent dip in the cryptocurrency market, focusing on Bitcoin. Despite the drop, he remains optimistic, seeing this phase as "base-building" that will lead to a major breakout toward the end of the year and into 2025.
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Ivan acknowledges the market's decline, with Bitcoin, Ethereum, and Solana all down. Still, he reassures viewers that these drops are normal and part of larger market cycles.
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He emphasizes the importance of a long-term perspective, pointing out that despite the dip, Bitcoin is still higher than it was two weeks ago.
Ivan also briefly mentions current regulatory hurdles, such as XRP’s ongoing legal battle with the SEC, but doesn't view these as significant threats to the market's future. He stresses that short-term price fluctuations are just noise in the broader market cycle. In his view, "the longer the base, the bigger the breakout," encouraging investors to focus on the long term and avoid being swayed by temporary market movements.
