Can Bitcoin not reach 100,000? Impossible, absolutely impossible!
1: From a technical analysis perspective, Bitcoin's previous bull market cycles reached highs of 19,800 and 69,000, which are very close to the next integer threshold. However, Bitcoin spent very little time at these points, with significant volatility where the retracement within a week reached 20-50%. Then the market ended. So far, this round has only seen a retracement of less than 7%, which indicates that we are currently in a high-level consolidation.
2: From an emotional perspective, even if this wave reaches a high of 99,588, the interest on Google remains very low, only about 30% of the peak in the 2021 bull market, and media discussion is also low, even not trending. This means that a lot of hot money has not yet entered the market, which still has potential moving forward. Trending topics should be reserved for new highs above 100,000.
3: In terms of capital expectations, this round is not on the same scale as previous bull markets. The current major players, such as BlackRock, manage assets worth $10 trillion, and the largest shareholder behind MicroStrategy is Vanguard Group, which is of a similar scale. Currently, MicroStrategy's first batch of costs is around 88,000, and the subsequent entry of sovereign funds from G will only be larger. Additionally, Trump aims to use Bitcoin to address America's $36 trillion national debt, which leads to very exaggerated future possibilities.
After reading this, do you still think breaking through 100,000 in the future is a big deal? This is just high-level consolidation. So what if it rises by several thousand points and falls by a few thousand points? So what?