Recent market movements and expert insights suggest that the current decline in Bitcoin price may be setting the stage for a significant bullish phase in the cryptocurrency market. Despite macroeconomic tensions and geopolitical concerns pushing Bitcoin below $100,000, influential figures in the cryptocurrency industry remain optimistic about the asset’s long-term potential and future rebound.
- Bitcoin recently fell below $100,000, sparking discussion of an imminent market move.
- Cryptocurrency industry insiders remain optimistic despite the current price correction.
- Market sentiment remains cautious with indicators indicating “extreme fear” among traders.
- Leading voices are highlighting that seasoned investors are not selling and hinting at the possibility of a looming bull market.
- Experts debate whether Bitcoin’s cyclical pattern represents a peak in 2026 or extends into a long-term bull cycle.
Samson Mow, founder of Bitcoin infrastructure company Jan3, argues that the current price drop does not signal the start of a Bitcoin bull market. Earlier this week, Bitcoin fell to just under the $100,000 mark. “The Bitcoin bull market hasn’t started yet. We’re only slightly ahead of inflation at this price point,” Mow said, emphasizing that current price levels are still driven by macroeconomic factors rather than full-blown market enthusiasm. The broader cryptocurrency market is also facing declines, with the price of Bitcoin falling to around $99,607 on Wednesday due to geopolitical tensions between the United States and China and ongoing macroeconomic uncertainty.
Nonetheless, the industry remains optimistic. In a series of optimistic posts on social media, Mow pointed out that the market has significant upside potential. He noted that Bitcoin continues to outpace the U.S. inflation rate, which hovers around 3%, and suggested the possibility of a “Christmas God Candle,” a term used to describe a sharp, bullish price surge that signals strong buying momentum. Earlier this year, Mow emphasized his long-term optimism, predicting that Bitcoin could reach $1 million through rapid and turbulent upheaval.
Meanwhile, Mow also touched on the concept of market cycles. While some analysts predict a cycle peak in 2026 based on historical patterns, Mow himself has expressed skepticism about cycle theory, suggesting that Bitcoin’s behavior could point to a longer or even indefinite rally. Some call it the “omegacycle.” “If you believe in cycles, the peak has not yet been reached, which could mean that we could either see a longer cycle or a 10-year generational bull market, similar to gold, following the adoption of ETFs,” he explained.
Bitcoin OG is not for sale, says Mow.
Jordi Visser, a veteran Wall Street analyst and macro strategist, previously suggested that Bitcoin is in its initial offering phase, with early holders selling incrementally and new investors buying on the dip. However, Mow responded to these fears by asserting that Bitcoin’s oldest holders are not selling in large quantities and should focus on the next major bull cycle.
“People are scared because OG is selling for over $100,000 and they have created their own theories that it could sell for more. It’s amazing how people can let fear get the best of them. Focus on the big picture. Bitcoin will add zeros. It’s just a matter of when.”
He also said, “By the way, I don’t know of any OGs that are selling,” emphasizing that long-time Bitcoin holders are committed to the asset, fueling expectations of an upcoming bull phase.
Market sentiment remains cautious, but signs are pointing to an upward trend.
The Crypto Fear Greed Index recently shifted to ‘Extreme Fear’, reflecting the anxiety of short-term traders. But Jan3’s proprietary index, which flips traditional sentiment measures, indicates that Bitcoiners are actively accumulating, driven more by fear of missing out than by a price decline. Mow said, “The market is howling. Bitcoin users? Still piling up. The Fear and Greed Index ranks 23rd in extreme greed territory, because Bitcoin users are currently afraid of missing out, not falling prices.”
As the cryptocurrency market continues to battle macroeconomic headwinds, industry insiders are cautiously optimistic about a major rally fueled by strong fundamental beliefs and resilient long-term holders.