Crypto analyst Miles Deutscher is pushing for Bitcoin, firmly believing that it will set a new ATH between the third quarter of this year and the first quarter of 2026. It believes that people have overlooked the bigger picture, and the ultimate rebound will be stronger than ever before. The reasons are as follows.
Trump's plan is to cause short-term pain now as he attempts to lower the US dollar/yield ratio (currently in the process of digesting a new baseline in the market).
In the medium term, tariffs will force domestic absorption of treasury bond to offset the reduction of foreign purchases (BTC is extremely sensitive to global liquidity).
The market may hit bottom due to recession concerns (a scary word, markets hate uncertainty), but by the time it officially arrives, the market is already paying attention to the Fed's response.
The Federal Reserve will eventually be forced to cut interest rates, paving the way for possible quantitative easing in 2026 (remember that the market is forward-looking, in my opinion, quantitative easing may not be as important as other liquidity measures this year - they have choices: repurchase operations, BTFP, purchase of treasury bond bonds, etc.).
As for altcoins, high-quality products may follow BTC's trajectory and find a bottom before recovery - low-quality projects will be eliminated.
In environments with tight liquidity, market participants tend to consolidate around higher quality assets (first BTC) and then lower the risk curve after improving confidence and liquidity.
As for the short term, anything can happen. Trying to predict anything within the 1-12 week range now is extremely difficult and largely a foolish game.
Maintaining patience is not easy, but it is what is needed now. Individuals will increase their risk exposure in the coming weeks/months, as the overall situation will be quite good from the first quarter of next year.
