It’s interesting to go straight into a bull run from here
A bull run means the bottom is effective—at most, a double test near the prior low.
Then it ranges and moves forward until it breaks the previous all-time high.
Looking at a larger time frame, using quarterly candlesticks,
Bitcoin still has 1 to 3 candlesticks to complete its base.
Pay attention to the green line—57000 has already dropped to the same level as it did in the previous cycle when it was at 15000.
The macro environment has no major bearish shock,
and the mid-term election can only affect short-term volatility.
Wall Street expects rate hikes in the first half of next year,
and rate cuts in the second half.
Actually, Bitcoin has already fallen a lot, and many negative factors have already been priced in.
At most, it’s just another two months of digestion—
so will it reach 40,000? I don’t think there will be a “black swan,” so basically it’s not likely.
At the most, it could be around 53,000—maybe, but not certain.#比特币
A bull run means the bottom is effective—at most, a double test near the prior low.
Then it ranges and moves forward until it breaks the previous all-time high.
Looking at a larger time frame, using quarterly candlesticks,
Bitcoin still has 1 to 3 candlesticks to complete its base.
Pay attention to the green line—57000 has already dropped to the same level as it did in the previous cycle when it was at 15000.
The macro environment has no major bearish shock,
and the mid-term election can only affect short-term volatility.
Wall Street expects rate hikes in the first half of next year,
and rate cuts in the second half.
Actually, Bitcoin has already fallen a lot, and many negative factors have already been priced in.
At most, it’s just another two months of digestion—
so will it reach 40,000? I don’t think there will be a “black swan,” so basically it’s not likely.
At the most, it could be around 53,000—maybe, but not certain.#比特币