Please stop being afraid and put down your prejudices immediately. Bitcoin may soon reach $80,000! Yes, you read it right, it is $80,000, but I think even if God comes, it is impossible to stop Bitcoin from reaching $80,000!
From the structural chart, Bitcoin has not completed a continuous market trend. 80K Bitcoin is just around the corner. Although the market has experienced a two-month adjustment, I think this adjustment has brought Bitcoin a healthier upward momentum. In the past two months, Bitcoin has not dissipated its momentum. This is the best sign that a market trend has not been completed.
As more and more large institutions and companies disclose their Bitcoin holdings, it will only quickly gather the attention of retail investors to cryptocurrencies, whether it is the concerns brought to the stock market after the super rise of US stocks, or the approaching expectation of interest rate cuts. We have reason to believe that more and more funds will enter Bitcoin or cryptocurrencies in the future.
This market trend will probably last until the end of $80,000.
