November 15, 2024 Bull Market on Steroids Dear Subscriber, What a week! Ever since Donald Trump was confirmed as the next U.S. president, the crypto market has gone full throttle. Bitcoin (BTC, “A”) is now flirting with the six-figure mark, and I’m not surprised. After all, my Crypto Timing Model has been signaling since Sept. 6 that Nov. 5 — independent of the U.S. election — was set to bring a key cycle low. And precisely on the evening of Nov. 5, a new era began for crypto investors. It was ushered in by the election of the first “crypto president.” Trump’s return to the White House has lit a fire under crypto markets. One that continues to send Bitcoin and its crypto cousins into a frenzied surge. Just last week, Bitcoin was hanging out near its previous all-time high of $73,000. Now? It’s closing in on $90,000 after a jaw-dropping spike on Sunday and Monday. Weekend momentum like this screams, “bull market on steroids.” If you haven’t made your move yet, there’s still a (tiny) golden window to hop on board. But let’s be real: that sub-$70,000 window? Probably closed forever. Naturally, the floodgates of messages have opened. Without fail, they all ask the same question: “Is it time to take profits?” The answer is a resounding Absolutely not! This bull run is just stretching its legs. The real fireworks likely won’t fizzle out until Q1 2025. The latter half of 2024 has mirrored last year’s bullish price action so perfectly, it’s almost eerie. Let me jog your memory: Click here to see full-sized image. In late October 2023, Bitcoin broke out of a long, dull consolidation phase and ignited a 140% surge from $30,000 to $74,000 by March 2024. That rally was fueled by the 320-day cycle turning up, with its low landing on Sept. 11. Fast forward to now: Bitcoin’s current 320-day cycle began on Aug. 5. It’s still a baby, just a few months old. And it has plenty of growth ahead of it. In fact, I can see this run likely powering through until February 2025. Here’s the fun part: When Bitcoin historically breaks past a previous 320-day cycle high (as it just did post-election day), the next leg up typically doubles the previous high. That high was $74,000 on March 13. Double that, and we’ve got a target around $150,000 by February. Yes, I know that number sounds absurd. But so did $10,000 when Bitcoin was $1 … And $100,000 when it was $10,000. Bitcoin’s story has always been one of disbelief … until it isn’t. That reaction of disbelief has always been part of Bitcoin’s story, even among seasoned crypto investors. And I get it. But this push higher isn’t just thanks to hype. It has staying power. That’s because it’s not just fueled by post-election optimism. It’s underpinned by technical patterns, historical cycles and a flood of global liquidity from central banks. As institutional players increasingly see Bitcoin as a hedge against inflation and market instability, the influx of capital into crypto will likely intensify. As we approach Inauguration Day, I expect some fireworks — both in the market and the headlines. Political drama and economic shifts will add volatility to the mix. But in the grand scheme of things, this rally is just getting started. A little volatility won’t knock it off course. So buckle up. The ride to $100,000 — and likely far beyond — has only just begun. And if history has taught us anything, the skeptics will eventually be left behind. Hopefully, you won’t be one of them. Best, Juan |