Ivan On Tech – BITCON: WEN BIG FAT GAINS!!!!?? (cycle analysis) (02.07.2024 Summary)

Ivan On Tech – BITCON: WEN BIG FAT GAINS!!!!?? (cycle analysis) (02.07.2024 Summary)

In his latest stream, Ivan delves into the intricacies of Bitcoin and other cryptocurrencies, analyzing their potential for significant gains.

Bitcoin and Solana’s Potential

  • Ivan begins by highlighting the current state of Bitcoin and Solana. He notes that Bitcoin’s price is still ranging, similar to the previous day. However, Solana is showing a sneaky upward trend, gradually increasing by 2-3% daily.

  • Ivan emphasizes that if Solana can pump above $190, it is likely to snap to all-time highs, potentially reaching $260 quickly. This scenario mirrors Bitcoin’s situation, where surpassing $70k could lead to explosive growth.

The Public Debt Crisis

  • Ivan also touches on the looming public debt crisis, which he believes will be the next significant financial turmoil.

  • He explains that governments worldwide are grappling with high debt levels, exacerbated by rising interest rates aimed at combating inflation. This situation is unsustainable, and Ivan warns that it could lead to a financial collapse. He advises viewers to consider crypto as a hedge against such economic instability.

Trusting the Process

  • Despite the current market’s sideways movement, Ivan encourages viewers to trust the process. He points out that both Solana and Ethereum are on the brink of entering a bullish trend, which could lead to new all-time highs. Ivan stresses the importance of patience and emotional resilience in the crypto market, as these factors are crucial for long-term success.

Historical Cycle Analysis

  • Ivan provides a historical perspective on Bitcoin’s price cycles, referencing past halvings and their subsequent peaks. He notes that each halving has led to significant price increases, although the magnitude of these gains has diminished over time. Ivan speculates on the potential peak for 2025, suggesting that it could be massive, though the exact multiple remains uncertain.

In conclusion, Ivan remains optimistic about the future of Bitcoin and other cryptocurrencies. He believes that the market is on the verge of a significant breakout, although patience is required. Ivan encourages viewers to stay informed and engaged, as the crypto landscape continues to evolve rapidly.