Why did Bitcoin dive after rising high? Can the 100,000 target be reached this year? $BTC

Different from previous black swan events before bull markets, the adoption of the ETF this time caused Bitcoin to be forced to rise, but the washout was not complete and the leverage was not completely removed.

Therefore, near the historical high position, the market will repeatedly wash the market, clear the leverage, and prepare for continued rise. At this time, we only need to hoard more coins.

In addition, the deflationary nature of Bitcoin is an important reason for the increase in its value. The total amount is limited to 21 million, the annual mining volume is reduced, and the production is reduced every four years, causing its value to rise regularly. There are currently about 19.64 million coins in circulation, with only a small amount left to be mined, and some of them have been permanently lost, and the total amount continues to decrease.

The depreciation of the U.S. dollar and real-life inflation have made Bitcoin’s deflationary properties more prominent. Compared with other inflationary assets, Bitcoin’s independent deflationary properties make it more attractive.

Bitcoin is expected to exceed 100,000. This bull market will be supported by multiple factors such as production cuts, interest rate cuts, and the adoption of Bitcoin by more countries. We should hold sufficient positions and pay attention to investment opportunities in hot leading currencies. In the middle of a bull market, avoid over-trading and maintain error tolerance. For altcoins, you should pay attention to their market share and early growth rate, and make a reasonable layout! #Meme #新币挖矿 #WIF $BNB

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