Gu Yue: Bitcoin breaks $100,000 to create a new historical high. The bull market is still uncertain; you and I are both dark horses.
Hello everyone, I am Gu Yue. The long-awaited $100,000 mark has finally arrived, marking a new era in the crypto space, which can also be seen as the beginning of a bull market. I was awakened this morning by the sound of market fluctuations, still somewhat dazed, and then I saw that Bitcoin had broken through $100,000. This can be seen as a moment of hope for many and a time when many feel the opportunity has come. Indeed, from the current overall trend, the market looks very promising. Bitcoin and Ethereum are gradually synchronizing, proving that the entire crypto space has officially entered a bull market, embarking on a new era.
Since last week, Bitcoin has gradually made a pullback, then hit the bottom and began to rebound, briefly soaring past $100,000. Altcoins have set up their own stages, performing individually, with a few standout cryptocurrencies like TRX soaring from around $0.22 to $0.45 in just one day, doubling its value. FIL has also recently begun to dance, progressing steadily around $8. The trend of DOT is similar to that of FIL, both making impressive gains. Recently, these altcoins have outshone Bitcoin and Ethereum, prompting Bitcoin not to fall behind and to take off today, breaking through the $100,000 mark to maintain its position as the leading coin.
The subsequent market trend starting this month may become uncontrollable. Bitcoin and Ethereum, along with several altcoins mentioned, can be continuously monitored. Whether in spot or contract trading, the potential is significant. When opportunities arise, can everyone seize them? The bull market doesn’t indicate a peak; many will think that $100,000 is a peak value. I can say that this peak may be regarded as a bottom position in the future. The potential for further growth is likely at the end of this year and the beginning of next year, as the market usually sees the most significant movements at the end and the start of each year. Therefore, the time has come, and it is also our opportunity to enter the market.
Since Biden stepped down and Trump took office, the crypto space will also usher in a major change, and the subsequent increase can be said to be unimaginable. Everyone should be prepared. From a technical level, Bitcoin's last phase broke through $73,000, and once that level was surpassed, it surged forward. Now, after breaking the $100,000 mark, the market has entered another phase, and by the end of the year, Bitcoin is expected to rise another $30,000 without much issue. For Ethereum, during this phase, watch the $4,000 level; once it breaks, the subsequent increase will also be unimaginable. In about six months, Ethereum is expected to reach around $6,000. Currently, whether in contracts or spot trading, the decline presents an opportunity to enter the market. Seize the right direction and persevere; the clouds will clear revealing the moon. This year and next, the crypto space will witness many miracles. So, will you be the next miracle?
There are many types of investments; choosing the right one for yourself is important. There are many paths, and selecting the right guide is crucial. I am Gu Yue, interpreting world economic news, analyzing global investment trends, providing daily market analysis, and offering the latest trading strategy ideas and professional investment consulting services to help you reach the peak of wealth management.