JP Morgan’s latest note claims Bitcoin’s classic 4-year halving cycle no longer drives the market, arguing institutional flows now dominate price action. If true, the “cycle theory” that guided traders for a decade could finally be breaking.

Bitwise CIO Matt Hougan says the current pullback is temporary, calling this “the last accumulation phase before the next leg up.” He believes Bitcoin’s institutional demand floor is already in.

Trump’s campaign team reportedly plans a “strategic trade offensive” against China, and Bitcoin is caught in the middle. While China accelerates digital yuan adoption, Trump allies want to position Bitcoin as the “pro-American alternative.”

Bitcoin briefly dipped below $100,000, tapping its 50-week moving average for the first time since July. Analysts say this level could act as a major springboard if macro liquidity stays strong.

Bitcoin just survived its first red October since 2018, but “Moonvember” might melt faces. The Fed’s quietly bailing out the system, Trump’s calling for crypto dominance, and Peter Thiel says Bitcoin’s done. He’s wrong. The next bull market isn’t coming… it’s already here.