On November 22, Bitcoin once again broke its historical high, reaching $99,588. Currently, it has slightly adjusted and is hovering around $97,444. History is always surprisingly similar. On April 15, 2021, the price of Bitcoin was $64,854. On November 10, 2021, the price of Bitcoin was $69,000. On March 14, 2024, Bitcoin broke its historical high, reaching $73,777, and on November 22, 2024, Bitcoin reached a new high of $99,588. Based on my experience from previous bull markets, the probability of Bitcoin breaking $100,000 is relatively small.
According to my speculation, the cryptocurrency market will encounter the following situations next:
1. Bitcoin has reached this high and will not break through this year.
Bitcoin has already reached the peak of this bull market and will not break new highs. It will reach $100,000 and wait for the next bull market to arrive. Next, the price of Bitcoin will first experience a volatile market, then continue to decline, rebounding to around $70,000. When Trump officially enters the White House as President of the United States in December, it will rise again to around $80,000 to $90,000, but still will not break historical highs! Subsequently, Bitcoin will begin to move sideways and gradually decline, ultimately returning to around $20,000 to $30,000, waiting for the next bull market to arrive and once again break historical highs, reaching between $120,000 and $150,000.
2. Bitcoin stumbles and barely breaks $100,000.
Bitcoin will next be in a sideways consolidation state, fluctuating between $95,000 and $99,000. With Trump officially taking office in December, further positive news will be released, and Bitcoin will respond strongly, breaking the $100,000 mark, but not very high. By early next year, around March to April, Bitcoin will break new highs again, reaching around $120,000. Subsequently, the overall cryptocurrency market will enter a bear market stage, during which, led by Bitcoin, the prices of many digital currencies will continue to decline.
In summary, I personally believe that investing in Bitcoin now means using a large capital to gamble for a small profit. If you bought Bitcoin at a low point, I think now is a good cash-out opportunity. Even if Bitcoin rises a bit higher afterward, as the weakest party in the financial market (investors + retail investors), it is difficult for us to capture all the profits. Do not lose big for small gains; not selling at high points will instead lead to being trapped at the highest point. Being trapped in capital means that many future opportunities may not be available to you.
3. Second-tier mainstream and altcoins are in a frenzy; you can earn just by closing your eyes.
It is still based on my personal experience and perspective for judgment. Currently, the cryptocurrency market is not very suitable for investing in Bitcoin. Instead, it is more suitable for investing in second-tier mainstream coins and popular altcoins! This round of Bitcoin has once again broken new highs. Although many second-tier mainstream coins and popular altcoins have also seen varying degrees of increase, it seems that the market is relatively satisfied, but in fact, they have not broken historical highs. Next, several role models need to be established among second-tier mainstream coins and altcoins to attract more funds into this stage of the market. In other words, there will be several second-tier coins and altcoins emerging strongly, forming examples and contrasts.
Next, it is indeed the stage where second-tier mainstream and altcoins are in a frenzy. Coins like ETH, BCH, BNB, LTC, ETC, OKB, and other second-tier mainstream coins still have significant upward potential. Among altcoins, DOGE and XRP have performed relatively well, increasing 3-4 times. Old popular altcoins like SHIB, PEPE, WLD, can be said to have not yet started to soar at this stage. Now that Bitcoin has almost reached $100,000, aren’t the market makers of these coins anxious to make their profits? Perhaps they are even more anxious than you and me. Therefore, in the next phase, funds will definitely be injected to raise prices and heat, and during this rising phase, it is the most suitable time for retail investors to step in and reap the benefits. If you can seize the opportunity, there is indeed a profit space of 2-3 times or even higher; if not, there is a significant chance of being trapped at the highest point.
4. Avoid pitfalls
Who bought PNUT, ACT, USUAL, MORPHO, MEMEFi? Raise your hand! Who got trapped? Please stand up!
During the stage of bull-bear transitions, there are the most pitfalls. In this stage, many people will be blinded by money, increases, heat, and excitement, perhaps some people have no awareness in this regard at all. Blindly following the market’s heat results in being trapped and unable to move. If you are in the financial market, you must first understand the financial market. The financial market is a profit-seeking entity, not a charitable organization. Why is there so much hype around a coin? Why does it have to be pushed up to such high prices? Is it to help you make money? No, brother, it is to make money for capital. Increasing a coin's heat will attract more retail investors and funds, injecting more funds into a project to cash out at high points, allowing retail investors to take the bait at high points! Now you understand what a 'bag holder' is, right?
Therefore, do not blindly follow the market's heat. If you do not understand, honestly participate in the secondary market, engage in popular mainstream and altcoins. The worst price will likely allow you to break even in the next cycle. Do not fantasize about those thousand-fold dreams by investing in low-quality coins, on-chain projects, first-level and half-first-level new coins. While there is a chance of getting rich, 99% of the time it is to harvest your investments!
Investment is always accompanied by risks. If you want to reduce risks, follow me, and let’s communicate and discuss together! I am steady! I have been focusing on the cryptocurrency market for seven years, conducting in-depth research on first-level projects and secondary markets. Learn more about quality first-level project information and secondary trading point recommendations. I am here to safeguard your investments in the cryptocurrency market!
