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The pigeon has come back to post again. After being bullish last time, it dropped significantly. Can it win this time?
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I haven't posted in a while, mainly because I don't hold a particularly strong opinion about the cryptocurrency market. Trying to trade in the clearly more profitable stock market feels like suffering. The opportunity cost is real, but I finally see a setup I’m willing to bet on again.
Since my last post, my bullish view has been correct (it just happened to prevent me from exiting, but ultimately led to a rally). For me, the $80k BTC level is significant because it marks the first signs of a range recovery since the downtrend began in September 2025. What’s currently missing is a narrative framework for cryptocurrencies, but I still hold the view: in the crypto space, price movements almost always lead fundamentals. Therefore, I am confident that once we can stay above $80k for a prolonged period, speculators will start to return again.