Bitcoin's 25% surge opportunity? History may repeat itself, but the suspense remains unsolved!
Looking back at history, after Donald Trump was elected, Bitcoin (BTC) soared from less than $70,000 to $108,000 in just one and a half months, making countless investors regret missing this wave of market. Now, BTC prices have fallen sharply in a short period of time, triggering heated discussions on "buy on dips" from analysis agencies such as Santiment. History seems to suggest that a new round of rebound is coming.
Will the next step be an outbreak or a continued bottoming out?
The last similar scenario occurred in August this year, when BTC fell below $50,000 and rebounded by more than 25% in a few days, soaring to more than $62,000. If this pattern reappears, Bitcoin may rebound rapidly in the next few days and once again aim for a new high of $120,000.
But - things are not that simple.
Can on-chain data support the logic of the rebound?
Despite the high sentiment of "buy on dips", on-chain data and technical aspects show that the current situation of BTC is not optimistic. According to data from IntoTheBlock, the $97,500 area has accumulated more than 1.4 million BTC chips, which was once a key support. However, as this position was broken, new investors faced paper losses, and panic may trigger a larger sell-off, making the rebound more bumpy.
BTC's large fluctuations have long been "daily", and under the tense situation of long-short games, any prediction needs to be based on in-depth research and risk management. Can this rebound be realized? Pay attention to the key support level, and whether the volume is coordinated is the key. Opportunities and risks coexist, how to grasp it depends on your operation!
For more trend interpretations and practical strategies, remember to follow Mr. Lin! The next market opportunity should not be missed!
