I'm back here because it looks like there's no bull run coming anytime soon. Bitcoin has already reached a new ATH, but altcoins are still lagging behind. Now that Bitcoin has significantly dropped, currently trading at $56k, I think it will be too hard to expect a bullish trend for altcoins until Bitcoin bounces back and probably hits a new ATH.
This thread was created on April 11, 2024, when Bitcoin was trading at around $70k, so the bull run speculation was very relevant. But now, I'm sorry to say that I've lost some hope that the altcoin bull run will come anytime soon. I think it will take more time, probably in the last quarter of this year or early next year—just my guess.
I support your argument, bitcoin will not hit another all time high again because as it is said by many others as well bitcoin has already hit it All Time High this year so the next all time high should be the next halving again which should be 2028. But at the ending of the this year the price will reach either $60k or $50 and in between. And for now that the price is going down, it will not hit another all time high.
And casinos and other altcoins also follow the movement of bitcoin so for now all will decline. And as you said the thread was created for the previous bull run and not now so we can't predict the prices of any coin now because there is no bull run again.
Where are you getting this speculation from? The fact that Bitcoin is facing some challenges doesn't me it is over for it this year, it will stabilise and rebound. After all, we just barely slipped through the first half of the year, don't you think the year is still very promising for Bitcoin to hit another ATH in over 5 months?
From what I read from you though, it shows you never decided on that solely by yourself but also fetched the idea from the speculation of others, which I do not think is smart enough. If you check the chart of Bitcoin on the larger timeframes, you will see that it is not decisive to call it the end of the coin this year. For me, it may or may not hit the widely expected $100,000, but certainly, if Bitcoin could move above $62,120 and also stabilise above it, then there is a very high possibility that it will create another ATH before the close of the year.
That will happen, especially when the monthly and weekly price actions have a strong bullish stance. And by virtue of that, the altcoins will follow, which is what will engrace the casino coins as well. So, do not give up hope yet, Bitcoin is not the only market that will face a challenge like this and still come out of it stronger.