Was This Bitcoin’s Final Shakeout?

Bitcoin just experienced what seems to be a significant capitulation event, highlighted by a large sell-off with considerable volume. This follows another notable downturn a few weeks ago, indicating that we might have witnessed a climactic moment—a possible turning point in the market.

Interestingly, the recent drop pushed prices below previous lows, which is often a sign that the market could see more declines in the months ahead. However, it also feels as though this sell-off was driven more by external factors than by inherent weaknesses within the crypto market itself.

It’s natural to feel cautious after such a dramatic sell-off. But looking at Bitcoin’s performance in previous four-year cycles, particularly following a halving, this recent downturn might be the final shakeout before the market rallies again, potentially leading the way for altcoins to follow.

In moments like these, it’s important to take calculated risks and trust your analysis. Historically, a 30%+ decline during a Bitcoin bull market has often been a frightening but opportune moment to add to positions. So, for those who haven’t yet achieved their ideal allocation, now could be a good time to act.

The best additions in my opinion are Bitcoin and Solana. Bitcoin remains the foundation of this bull market—nothing else will rise without Bitcoin’s recovery. As for Solana, it has shown consistent strength throughout this cycle, and there’s little reason to expect that to change.

These additions aren’t intended for short-term trading but for holding over the long term, in line with the four-year cycle. That said, we must acknowledge that the break of the weekly low could lead to a period of sideways or lower movement as we approach the year’s end.

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🟩 Written by Timothy Assi, a popular investor on eToro.

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