Lark believes crypto holders should pay attention due to recent positive economic data. US Q2 GDP beat estimates at 3% growth, and consumer spending remains strong, contradicting recession predictions.
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He suggests these conditions could lead to a crypto bull run. Interest rate cuts are likely coming, which historically benefits markets when there's no recession.
Bitcoin is showing positive signs with higher lows, and Lark expects market excitement to increase from October. He notes the growing popularity of the Base blockchain.
For the next bull run, Lark considers $500,000 Bitcoin too optimistic. He believes $150,000 to $200,000 is more realistic, barring major economic issues.
Lark advises having an exit strategy when the market peaks. He recommends taking profits gradually as prices rise, rather than trying to time the exact top. He warns against holding altcoins too long, as they often crash hard after bull markets.
In summary, Lark urges crypto holders to stay alert, watch key market indicators, and be ready to act on opportunities. He emphasizes balancing optimism with caution and having a solid plan for both entering and exiting crypto positions.
