Once Bitcoin goes up, it will be smashed down. At present, some miners may be smashing the market, because at the current price, some small miners are difficult to survive. In fact, according to common sense, the time should not be delayed until now. Some unqualified or outdated miners should have been cleared long ago. However, due to the BRC20 and RUNEs protocols, the on-chain handling fees were relatively optimistic some time ago, so the cycle was inadvertently extended.

When the miners are cleared and the new hash power begins to grow, the market will rise again and sprint towards 100,000 US dollars. I estimate that Bitcoin will end the adjustment in July, and then gradually start to rise.

At the current stage, Bitcoin is adjusting, and we must keep an eye on the daily level. Only when the daily level stabilizes, the market will really explode.