#TIMES #Is a memecoin supercycle on the way?

Given the recent market fluctuation, especially the brief decline in BTC price, caution is advised. Although bearish sentiment is prevalent, it is crucial not to react impulsively at this critical moment. Historical patterns indicate that BTC has struggled to break the $70,000 mark multiple times, often followed by significant pullbacks. However, current market dynamics suggest a possible change; a bear trap could lead to a rapid decline before decisively breaking the $70,000 threshold. If this level is surpassed, forecasts indicate a rapid rise to $73,000, or even $75,000. Such a rise could trigger a significant shift in sentiment as shorts may close their positions and traders shift to long positions. With the upcoming US elections and the Federal Reserve's interest rate meeting, market fluctuations may intensify. Therefore, this could be a crucial moment for investors to reassess their strategies and remain vigilant.