According to Ivan, the crypto market is currently experiencing a "calm before the storm" phase. He believes that the bears (those expecting prices to fall) are living their last few days before a potential retest of the $71,000 level for Bitcoin.
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Ivan sees the current market consolidation as a positive sign, as it resets the greed and allows for a healthy change of hands in cryptocurrency ownership.
Ivan is generally bullish on the long-term prospects of Bitcoin and the broader crypto market. He points to several factors that support his optimistic outlook:
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The Bitcoin halving event, after which historically has been followed by significant price rallies in the cycles after each halving.
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The potential reintroduction of the "OP_CAT" opcode in Bitcoin, which could allow for more extensive smart contract capabilities and further innovation on the Bitcoin network.
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The increasing adoption and development of projects like ordinals, BC20s, and runes, which are paving the way for a more vibrant ecosystem built on top of Bitcoin.
Overall Ivan remains bullish and sees the current conditions as a reset of gains and a change of hands, setting the stage for the next leg up. He encourages you to remain patient and maintain a long-term perspective, as he anticipates that the market will eventually break out and potentially reach new all-time highs within the coming months.
