About Bitcoin and the Current Market Landscape: Key Five Points, How Much Do You Know?
The crypto market bull run is still heating up, and you need to understand the following 5 key points:
1. Key Position: Due to massive selling pressure, Bitcoin faces strong resistance at $100,000, which is a psychological barrier for many.
However, once this point is broken, it opens up an upward channel to $102,000 or even $120,000, as we see figures like Micheal Saylor buying an additional $5 billion worth of BTC.
2. Bull Market Outlook: Historical indicators, according to the Pi top indicator, suggest that we are still in the early stages of a bull market, with 300-400 days of upward movement remaining before a bear market begins.
3. Altcoin Season: Bitcoin's dominance is starting to decline, marking the beginning of a rebound for altcoins.
Ethereum and other large market cap coins have already shown bullish signs and are about to rise significantly.
4. $ETH/$BTC The chart has maintained support well, indicating that $ETH will soon exceed $BTC , triggering further increases in altcoins.
5. Retail Investors: As more people talk about Bitcoin and altcoins, interest in cryptocurrency is skyrocketing. The FOMO among retail investors is forming, and we are entering the euphoric phase of the cycle.
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