Ivan highlights Bitcoin's current position around $58k, suggesting we're in a W-shaped accumulation phase, with the price likely having bottomed. He believes a breakout above $70k and a push toward an all-time high could follow soon.
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He points to upcoming U.S. and China stimulus packages, expected next year, which may already be driving market anticipation. Ivan sees this as a sign of a potential "China-America crypto bull market" starting to take shape.
Although the U.S. presidential election may cause short-term fluctuations, Ivan argues that, historically, market performance doesn't differ much regardless of who wins. He notes that Bitcoin tends to follow broader market cycles, which aligns with stock market trends.
Finally, Ivan mentions rising mining difficulty, a bullish indicator that suggests a progressing bull market despite current price levels. He advises patience, expecting stronger movements in the weeks ahead.
