No, we aren't heading towards the 100k+ mark ... not yet.

Historically, within a bear market, July has always been the month with the strongest upward momentum.

The 365-day bull market cycle is projected to end in October 2026.

If the market behaves as it did in previous cycles, July would merely be a "bull trap." Following July, we would then see another significant downward move.

Of course, this "forecast" is not 100% certain, and the market could behave differently than in the last cycle.

However, so far, BTC has behaved exactly as it did in earlier bear markets. In my view, there is no relevant reason to expect a change in this pattern.

Since we are dealing with established cycles, the current forecast is based on a "self-fulfilling prophecy": most of us know the cycle, use it as a guide, and trade according to the expected trend. That is precisely why this cycle is likely to play out just like the previous ones.

Only one thing could change this: if the influence of institutional capital becomes so great that it forces an early end to the bear market, causing us all to succumb to FOMO :D:D:D

As always: this is merely my personal opinion. This does not constitute trading advice! Everyone is responsible for their own actions.