Are we in?

It seems like the crypto market is really heating up! Bitcoin is pushing 120K and has even closed above its highest weekly close in history, which is a pretty big deal. The video suggests we're likely heading for a cycle peak towards the end of the year, possibly around 150K or even 200K. It’s exciting to see all the altcoins doing well too, with some showing significant gains.

There's also talk about a new coin, "0ERO," which is infra for Solana and other fast chains. Apparently, it had an initial dump, which is exactly what you want to see for good entry positions, and a bot was even set up to trade it on Pionex.

A significant point made is how the crypto cycle seems to be repeating itself, with a dump into October followed by a massive pump into November/December and then a peak. This pattern was seen in 2013, 2017, and 2021. So, we might be in for a "big fat and insane rally" for both Bitcoin and altcoins.

The video also touches on the "FOMO" (fear of missing out) that can grip people during bull markets, leading them to chase gains and buy at the top. It highlights the importance of managing these emotions.

In other news, there's a lot of institutional money flowing into Bitcoin ETFs, and the Fear and Greed Index is shifting quickly towards greed. Long-term, the sentiment is very bullish, with the belief that crypto will continue to grow and eventually take over more of the traditional financial system. There's even a discussion about Sweden considering a national Bitcoin strategy and rejecting a CBDC, which could be a huge symbolic step.

This video definitely paints a picture of an exciting and potentially very profitable time in the crypto world, but also a reminder to stay grounded amidst the hype.