Bitcoin will likely probe the miner cost price around $40,000 through a sharp dip, but before that, it will first rally to $82,000–$84,000 to sweep away short liquidity above.

Market momentum is ahead of historical patterns. The bottom that originally was expected in October is now anticipated to be completed in August–September, initiating a new bull market cycle. This round of capital will be highly concentrated in Bitcoin, with ETFs, institutions, and sovereign funds continuously entering. Bear market buying has far exceeded previous levels. April–August is the base-building phase; hold spot positions firmly, buy on every dip, and absolutely avoid leverage.

Subsequently, capital will flow from gold and US stocks into Bitcoin, and their correlation will weaken significantly. Only a small number of quality utility altcoins will outperform BTC in the next bull market. Ethereum will lead the next bull market cycle. $BTC $ETH