Is The Bitcoin Top In? What You Should Do About This | by RJ | The Capital | Jan, 2025

Last month Bitcoin hit an incredible milestone. Price broke the psychological $100,000 mark and went all the way up to $108,000. Basically, price rallied 100% in about two months.

What a ride.

However, since then, price has stalled. In fact, Bitcoin is now in the lower $90,000s. And, as is usually the case with retail investors and traders, the questions have come back amid the panic:

Is the top in? How low are we going to go?

I’ve been around the cryptocurrency markets for 7 years. This is my third cycle since 2017.

In spite of that, I’ll be the first to say that no one can really catch the top or the bottom.

No one can definitively answer such questions.

The best we can do is look at the fundamentals and the technicals and make the best-educated guess we can make.

Regardless, I’ll take both the questions mentioned above one at a time to the best of my abilities.

1. Is the top in?

In as few a words as I can muster: unlikely.

No asset moves up in a straight line. Bitcoin is probably the only except where it can really rally when it wants to.