Ivan On Tech discusses Bitcoin’s recent price action, whether the rally is over, and the broader market outlook. He also touches on altcoin performance, macroeconomic conditions, and how traders should prepare for potential volatility.
Bitcoin’s Price Action – Is the Rally Over?
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Bitcoin recently dropped below $100K, currently sitting around $97.8K after peaking at $102K.
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Some traders are questioning whether the recent surge was a dead cat bounce (a temporary recovery before a larger drop).
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Ivan remains cautiously bullish, citing key reasons why the bull run may continue.
Why Did Bitcoin Drop?
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A major press conference on crypto policy created high expectations, but ultimately, no major announcements were made.
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The SEC announced reduced enforcement efforts against crypto, signaling a more favorable regulatory stance.
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Some investors may have been disappointed by the lack of clear policy changes and sold off, leading to a price dip.
Liquidity and Market Strength
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Tether printed another $1 billion, adding to overall crypto market liquidity.
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USDC printed $250 million, along with smaller prints from PayPal’s PYUSD stablecoin.
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Ivan sees this as a strong signal that money is still flowing into the market, supporting the uptrend.
What’s Next for Bitcoin?
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Historically, the last year of a cycle is volatile, with potential for both major pumps and sudden crashes.
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Ivan believes that as long as liquidity continues to flow into crypto, Bitcoin is likely to break higher, potentially reaching $120K to $150K.
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However, he warns that at some point this year, Bitcoin will see a major drop that doesn’t recover quickly, signaling the start of a bear market.
How to Prepare for Volatility
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Ivan stresses the importance of having a plan instead of reacting emotionally to market moves.
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Lessons from 2021’s peak show that many investors got caught off guard, hesitating to sell after small dips, only to watch Bitcoin drop 40%+.
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He suggests setting clear targets for taking profits or reducing exposure, especially if Bitcoin breaks below key levels like $90K.
Altcoin Performance – Mixed Signals
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Ethereum continues to underperform Bitcoin and Solana, even with major bullish narratives like institutional buying and potential ETF approval.
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Solana has been stronger in the short term, with some of its DeFi projects surpassing Ethereum in trading volume.
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Ivan sees potential in altcoins but warns that most will continue to lose value against Bitcoin over time.
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Meme coins and speculative assets have dominated altcoin activity, raising concerns about sustainability.
Is This a Market Top?
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Ivan acknowledges several warning signs that indicate the market is getting overheated:
Key Highlights:-
Crypto apps ranking high in app stores, similar to previous cycle tops.
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Politicians publicly investing in crypto, a possible late-stage FOMO signal.
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Donald Trump’s involvement in meme coins, which could be seen as a sign of peak hype.
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However, he believes there is still room for one last leg up, but traders should remain cautious as time is running out for the bull cycle.
Final Thoughts – Stay Prepared for Any Outcome
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Bitcoin is still in an uptrend, but investors should prepare for the inevitable market cooldown later this year.
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If Bitcoin consolidates and breaks higher, $120K to $150K is still possible.
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If Bitcoin struggles to hold key support levels, a deeper correction could come sooner than expected.
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Having a plan is critical, whether it’s for taking profits, hedging, or adjusting risk exposure.
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Ivan remains bullish for now, but he emphasizes that the market is in its final phase, and things can turn quickly.
