So we are retracing back down to 67.8k on Nov 3rd. Do we go lower?

[Lucius]

My feeling so far is that it still feels different from last cycle
I still don't feel the FOMO that people had at the time it hit 69k
It's also not a guarantee that it will happen again, as there are now many institutional investors, and those who lost money back then may not want to invest in crypto again.

There is no doubt that something is different, because the ATH was realized for the first time before the halving and that obviously confused small investors - because most of them obviously did not understand how much the impact of spot ETFs on the price of BTC would be. It seems to me that retail investors are still undecided on the one hand, and on the other hand, perhaps BTC is no longer attractive to them considering the various speculations about the maximum price it can reach by the end of this year or next year.

But it could be that we have a very optimistic future ahead of us, if Trump is really friendly to cryptos and has a favorable environment, without so many threats from the SEC, the value could rise a lot in the medium and long term.

What do you think?

Trump is above all a businessman whose business empire is not in the best shape, and in addition there are even 37 indictments that stand against him  - and do you know how to solve all these problems in one move? You become president and nobody can do anything to you. I think he is very interested in deriving financial benefit from any business involving cryptocurrencies, which can be good for everyone involved - although I don't think Bitcoin will have any better status in the US than it has had so far.