Part 5/7:
Due to projected events around early December – potentially a cycle low – expectations hinge on Bitcoin’s ability to bounce back strongly post-correction. Moreover, the focus remains on how subsequent price movements will unfold and whether they will exceed current expectations, potentially leading to astronomical figures much higher than $100,000 in the longer term.
Supply and Demand Dynamics
Currently, there's a notable imbalance between Bitcoin's supply and demand. Major players, such as MicroStrategy, are acquiring Bitcoin at unprecedented rates, which contrasts starkly with the distribution of Bitcoin by smaller holders. This suggests that while institutional demand is ramping up, many are keen to liquidate their holdings at current valuations, thus affecting prices.