<Bitcoin Chives Hand 2024.11.11 >
Hello, fellow chive friends, happy Double 11 shopping festival! Bitcoin has broken its historical high again, surpassing the $80,000 mark. Those who have made money can buy something nice for themselves, haha.
Due to the rapid rise, some friends might be wondering whether to take a step back. It’s normal to think this way when new highs are continuously being set, but it is still recommended to hold on to your basic positions tightly. If you really want to sell, just sell a little from your leveraged positions. After a bull run starts, it usually takes about 3 to 4 months for it to skyrocket dramatically, so don’t clear out all your chips at once.
Referring to our Bitcoin Universe analysts' real-time analysis, in 2021, Bitcoin broke $20,000 ATH and reached $64,000 within four months; at the end of 2023, after breaking the MA major resistance at $31,000, it reached $73,000 within four months; this time, after breaking the ATH at the end of 2024, there’s a good chance it could reach $120,000 to $150,000 within four months.
Do not think it’s impossible. Bitcoin has gone from being worthless to over $80,000, going through countless phases where many thought it was impossible. If you don’t broaden your perspective, you might miss out on a significant price increase. However, even with optimistic estimates, we will still closely monitor various overheating signals. When it’s really time to run, you still can’t hesitate, as the market is always unpredictable, and the risks will increase with rising prices.
The cryptocurrency space changes rapidly; long-term learning and experience accumulation are essential, so be patient and wait for the right opportunity. Wishing everyone good luck!
(Any statements above do not constitute investment advice; the risks of cryptocurrency and NFTs are extremely high, and it is advised not to invest with funds that cannot be lost.)
Image source: Bitcoin Universe NFT Bitaverse #5911
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