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Welcome to another exciting episode of the Bitcoin saga! As you might have noticed, Bitcoin is back at $61k, and we're still in this Groundhog Day phase. It's a bit up, a bit down, but we're very strongly within this bullish channel. Let's dive into the factors that are driving Bitcoin's price and why most things are not even priced in yet.
The Hobing Event
The hobing event is barely priced in, and the market has not understood the impact of it yet. It takes months before the hobing effect is priced in. This is a great spot for Bitcoin from many different perspectives.
ETF Adoption
ETF adoption is also not really priced in. The ETF was announced during a depressing time, and the market hasn't even cared. No one has really even cared about the news around new crypto ETFs such as for example e. It's not at all priced in.
Gaming and AI Surge
The gaming and AI surge is also likely not priced in. This is one of the two key allcoin sectors, and both of them are still highly undervalued. This is from virtual bacon endure the slow summer. It's slow as hell, slow summer, and enjoy the upcoming bull market. Don't let the market win at this early stage.
October and November
What's important to realize is that as we end this year, the focus needs to be 100% on the upcoming bull market. When we end 2024, guys, we are starting the countdown towards the peak. It's going to be the countdown. The countdown is going to start January 1st, likely it's going to end towards August September next year. But we will be careful already in June July because this market is entering its last quarter. We started from the bottom like 15K Bitcoin, we went all the way to 7 now, we're bit sideways, and the last quarter is where most of the gains are. You look at any bull market, I mean literally 75% of the gains, they happen in the last quarter.
Conclusion
In conclusion, Bitcoin is in a great spot right now. The hobing event, ETF adoption, and gaming AI surge are not even priced in yet. The market is entering its last quarter, and most of the gains are expected to happen in the last quarter. Don't let the market win at this early stage. Enjoy the upcoming bull market and stay tuned for more updates on Bitcoin's bullish channel.
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