CryptobitcoinPrice Analysis
‘Rotten October’ leaves bitcoin at a crucial inflection point, but macro tailwinds argue against a cycle top: analyst
Let's cut through the noise. The so-called 'Rotten October' has left a stench of fear in the crypto markets, with Bitcoin trading at a level that has the weak hands trembling.But to the true believers, this isn't a time for panic; it's a crucible. The price action looks grim, I'll grant you that.The charts are painted red, and the sentiment is, as they say, demoralized. Every permabear and mainstream pundit is crawling out of the woodwork to declare the cycle over, to pronounce Bitcoin dead—again.They've been wrong every single time, and they are wrong now. This is not a cycle top.This is a gift. Look beyond the short-term price volatility, which is nothing but noise, and focus on the undeniable macro tailwinds gathering force.The most significant is the impending pivot to easing monetary policy. The Fed's rate-hiking frenzy is hitting a wall, and when the liquidity taps are turned back on, where do you think that capital will flow? It will flood into hard, scarce assets, and there is no asset harder or more scarce than Bitcoin.This is basic economics, something the altcoin casino and its speculators consistently ignore. Meanwhile, the institutional adoption engine is just getting warmed up.The inclusion of Bitcoin in 401(k) plans is a watershed moment, a legitimizing force that brings the king of crypto directly into the retirement portfolios of millions of Americans. This isn't speculative froth; this is structural, long-term demand being hardcoded into the financial system.And let's talk about the banks. While they were once the sworn enemies of this decentralized revolution, an increasing number are now quietly building the infrastructure for custody and trading.They are not doing this out of ideological conviction; they are doing it because their clients are demanding exposure, and they cannot afford to be left behind. This is the ultimate validation.The narrative that this cycle has peaked is a fantasy peddled by those who don't understand Bitcoin's fundamental value proposition. It's the same tired story we heard after the 2013 crash, the 2017 mania, and the 2021 blow-off top.Each time, the naysayers were proven spectacularly wrong as Bitcoin absorbed the blow, shook off the speculators, and marched to new all-time highs on the back of a stronger, more resilient network. The current price action is a test of conviction.It's separating the tourists from the citizens. The real cycle top will come when your Uber driver is giving you Ethereum tips and CNBC is running 24/7 coverage on the latest dog-themed meme coin.We are nowhere near that level of irrational exuberance. What we are seeing is a healthy correction within a powerful, structurally sound bull market.The foundations—the monetary policy shift, the retirement fund inflows, the bank adoption—are stronger than ever. So, while the analyst from K33, Vetle Lunde, correctly points to these counter-cyclical forces, I'll say it more bluntly: this is a buying opportunity.The inflection point is not about whether Bitcoin survives; it's about whether you have the stomach to buy when there's blood in the streets and hold an asset that is fundamentally rewiring the global financial system. The rotten smell will fade, and what will be left is the immutable sound money that central banks can never print into existence.
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#bitcoin
#price analysis
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#macro policy
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