Bitcoin Weakens as S&P Hits New Highs - Bottom Expected at $30–40K

While the S&P is conquering new highs, we’re watching yet another pullback in Bitcoin, which signals weakness among buyers. This is reinforced by the fact that ETF outflows have been going on for weeks now.

Michael Saylor added fuel to the fire - the same guy who seemed ready to mortgage a kidney just to buy and never sell. This week, however, MicroStrategy disclosed a sale of BTC. What happens once the broader market correction kicks in? 🥲

My long-term forecast remains the same: I’m expecting Bitcoin at $30-40K.

As for timing, look at previous cycles. If the pattern repeats (we’re following the chart quite closely so far), I expect the bottom in October–November. Logically, we still have 2–3 strong down waves ahead.

Another thought: the biggest IPOs (SpaceX, Anthropic, etc.) tend to happen near market tops. Once they launch, expect a decline. This could be the trigger for BTC to move lower.

The good news: if everything goes to plan, there are only 5 months of downside left. The bad news: the recovery even to current levels may take at least a year.

Originally posted on Telegram channel.