Ivan believes the crypto market is experiencing deja vu, with many similarities to the 2020 cycle that led to significant price increases. He sees several parallels between current events and those that preceded the last major bull run.
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Ivan points out that Bitcoin has been consolidating sideways since February, similar to a 31-week period of sideways movement in 2020. He states: "The longer the base, the bigger is the breakout."
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A potential new pandemic is emerging, which Ivan compares to the COVID-19 outbreak that triggered massive money printing and crypto price increases in 2020. He quotes a health official discussing a "public health emergency of international concern" related to a new virus.
Ivan sees these events as potential catalysts for another round of government stimulus and money printing, which could benefit Bitcoin. He argues: "If you have crypto, if you have Bitcoin, you are outside of the madness."
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Despite the current uncertainty, Ivan remains optimistic about Bitcoin's potential. He suggests that if Bitcoin breaks out of its current range, it could easily reach prices between $95,000 and $150,000.
In summary, Ivan sees the current market conditions and global events as eerily similar to those that preceded the last major crypto bull run. He encourages viewers to consider Bitcoin as a hedge against potential economic instability and government interventions.
