Bitcoin Slips Below $43K as Altcoin Surge Loses Steam, But Bull Run Could Last 4 Years with $1M BTC Price
• Bitcoin slid below $43,000 while altcoins that had seen large gains corrected lower as traders took profits
• Former Goldman Sachs executive Raoul Pal said this crypto bull cycle could last 4 years, with Bitcoin potentially hitting $1 million by 2025
• Crypto trader Nestay said the current "golden cycle" is most similar to 2015-2017, with a rejection near $50,000 possible before heading to new highs
• Analyst Rekt Capital said Bitcoin will break $46,000 resistance in 2024, as it has rejected this level for 3 years but will break it in the new 4-year cycle
• The broader crypto market cap stands at $1.67 trillion after an altcoin surge, with Bitcoin dominance now 50% as the altseason fades