Yesterday Bitcoin EFT rumor REVEALS Altcoin BOMBSHELL

By Ishfaq_Khan | Crypto Analyzer Pro | 17 Oct 2023


Did you see what all coins did yesterday when the Bitcoin spot ATF news broke that it was approved? Obviously it was fake.It was a rumor. It wasn't real.But the question for you did you see what all coins did?This is a huge, huge reveal.We're getting ready for the next bull cycle and this is where it becomes so important. Ths huge thing where the Bitcoin spot ETF. It was rumored to be approved.Bitcoin moved like $2000 broke $30,000 briefly and this was all like within minutes, right?This took place within minutes, but all coins moved as well and we have a lot of different lessons learned today.Obviously we see the manipulation that happens in crypto.We see how fragile this space is.it's just a trillion dollar market cap.

It sounds like a lot, but it's not In terms of the entire crypto market cap, Bitcoin and all coins combined a trillion dollars and a lot of people have left.It is that early stage where a simple rumor on X can just absolutely move markets so simply.And this is something that has been cycles in the making, people have been waiting for.why this is so big for the next bull market, in particular in regards to all coins and here's why.So we know in bull in bull markets and bear markets, we see crypto up, we see it down, we see Bitcoin and bear markets just hold up better, right?So all coins are outperforming Bitcoin in bear markets, more volatile, more aggressive, they're down more.

 

That's why holding Bitcoin in bear markets is a very popular play for a lot of people out there.Maybe you'd like to just move your all coins to Bitcoin in a bear market, because it's likely that your Bitcoin will hold up better or will hold value more than your all coins.There is no secret that that's how these cycles work.No secret at all.The bear market that we just survived and then we just went through is almost over.. I really think that, and that's all this is, This is my thought, this is my opinion.I think it's almost over.And the cycles are shifting.The pendulum is swinging into the next bull cycle.The Bitcoin having is approaching very quickly.The fact that all coins moved, they moved bullish off of this Bitcoin spot. 

ETF news was a glimpse of what we will see in the next cycle.And I know that Bitcoin, I believe Bitcoin kind of outperformed in the shorter term.And this happened so quickly, we didn't really get a chance to see how markets would play out.Often times we see bullish news, Bitcoin moves first.

Maybe in a week to follow they start going bullish.We didn't have the opportunity to see that play out.But what what I will say is look at this Bitcoin dominance chart.So there's two things in play right now.This is why I'm doing this video.Number one, look at the previous bull markets.So the go back a couple cycles to 2017 bull market.You can see Bitcoin dominance falling.That's just what it did in a bull in a bull market and that could be considered kind of an alt season.And that's when we get alt season.It's in bull markets.Go back to the last Bitcoin bull market, crypto bull market.You can see Bitcoin dominance falling yet again in the last bull market in these green rectangles.Now let's speculatively look at the next bull market after the next Bitcoin halving.

So point 1, all coins, I think this data is going to repeat and I think all coins in the next bull market are going to outperform Bitcoin dominance. I think Bitcoin dominance is going to fall once more in the coming cycle.But This is why this is so big This time around.We have this bullish, ultra bullish narrative that is the institutional narrative.What happens if Coinbase wins the case over?SEC amongst amongst other things, SEC losing other cases.What happens with that on top of the institutional narrative, on top of the very fact that for the first time, I don't know if you've noticed Congress kind of taking, well, many in Congress taking this pro crypto approach and what happens November 2024 elections?

What happens when we start getting just a more pro crypto administration potentially in play?These narratives are things that we've never seen in cycles past.I think when the ETF finally is approved, which I'm pretty sure it's going to be eventually, many people think that, but not only that, every other narrative we have going on, I think all, all coins are going to perform well. It wasn't real, it didn't happen.That is to say, it wasn't just Bitcoin that moved all coins moved to all coins reacted positively and bullishly off of this news. And so not only do I think cycles are going to repeat and all coins are going to do well the next bull cycle, but they could more powerfully do so in this next cycle because of all of these, all of these narratives, in particular the institutional investing and institutions coming in by the trillions into the crypto market.So let me know your thoughts, everybody in the comments below.These are just my thoughts.Let me know what you think.I really, truly appreciate each and everyone of you.

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Ishfaq_Khan
Ishfaq_Khan

I dedicated to delivering timely and insightful crypto news, market analysis, and investment insights. Stay informed with my posts and lets navigate the exciting world of digital finance together.Don't miss a beat–follow me for the crypto updates you.


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