Bitcoin’s Upside Intact — Q4 Will Tell

I see Bitcoin naturally compressing into longer, slower cycles rather than disappearing — the upside hasn’t vanished, it’s just playing out in bigger dollar moves over extended arcs as the market matures beyond the current $2.4 trillion capitalization.

I expect Q4 to be the crucible for this cycle debate: a mix of easing financial conditions, renewed institutional inflows after summer, and persistent structural demand from ETFs, corporates and high‑net‑worth allocators could spark another leg higher.

That said, I remain non‑committal until Q4 proves the thesis; I’ll be watching price action and flows closely before taking a decisive stance. At press time BTC traded at $119,068.