Altcoin Daily says what looks like weakness in crypto right now is actually a bear trap. In other words - selling here could be a big mistake.
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They argue the bull market really began back in April after a final capitulation. Since then, Bitcoin has been consolidating but institutions keep buying. The supply of new Bitcoin is small compared to demand, which supports their bullish outlook. They still see Bitcoin reaching $180k-$200k by year end.
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Altcoin Daily also points out major moves in the altcoin space - Polkadot launching a capital markets arm, Tron integrating into MetaMask, and big corporate treasuries loading up on Ethereum. In fact, one firm now holds over $6B worth of ETH, making it the second largest corporate crypto treasury after MicroStrategy’s Bitcoin stash.
Short term pullbacks are expected, but they see them as shallow and temporary. Bitcoin could dip toward $112k before aiming for $130k-$140k. Ethereum may drop near $4k but they expect a move to $5k+.
Key takeaway: Don’t panic sell during consolidation. The bigger picture points to a strong bull market just getting started.
