Bitcoin's recent rally, driven by the Federal Reserve's announcement, has sparked excitement, but Lark advises caution. He highlights Bitcoin's rejection at the 200-day moving average and stresses that until it breaks the $72,000 level, the current price remains within a range, making it too early to anticipate explosive growth.
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Despite this, Lark remains optimistic about the fourth quarter, citing potential rate cuts and strong market momentum. If Bitcoin breaks $72k, he expects it could surge to $100k in weeks, triggering significant gains in altcoins.
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However, he warns against trying to time the perfect market top and suggests consistently taking profits to secure gains.
He also notes the possibility of the market peak coming earlier than the projected September-October 2025 timeframe, depending on economic conditions. While the road to new all-time highs will likely be turbulent, Lark believes the potential is there for those who are prepared.
In conclusion, Lark encourages caution, smart profit-taking, and readiness for volatility, all while remaining hopeful about Bitcoin's long-term growth.
