Has the big bounce back ended?
Recently, the trend of Bitcoin has attracted much attention. Before the sharp pullback, Bitcoin was highly likely to reach the $100,000 mark. Once this price level is broken, the peak may far exceed $100,000.
However, my personal prediction is that the likelihood of exceeding $110,000 is low; historical experience shows that it is often difficult to sustain an upward trend after breaking important psychological barriers.
Observing Bitcoin's recent daily adjustments, the buying momentum is strong, with no signs of panic.
Although technical indicators show that Bitcoin is in an overbought state, overbought conditions often lead to more overbuying until panic selling and crashes occur.
Looking back, BTC crashes are often triggered by stock market declines, negative news, or excessive price increases.
This time, the stock market is stable, and the impact of negative news has weakened, so excessive price increases may become the main reason. Has the big bounce back ended?
Recently, the trend of Bitcoin has attracted much attention. Before the sharp pullback, Bitcoin was highly likely to reach the $100,000 mark. Once this price level is broken, the peak may far exceed $100,000.
However, my personal prediction is that the likelihood of exceeding $110,000 is low; historical experience shows that it is often difficult to sustain an upward trend after breaking important psychological barriers.
Observing Bitcoin's recent daily adjustments, the buying momentum is strong, with no signs of panic.
Although technical indicators show that Bitcoin is in an overbought state, overbought conditions often lead to more overbuying until panic selling and crashes occur.
Looking back, BTC crashes are often triggered by stock market declines, negative news, or excessive price increases.
This time, the stock market is stable, and the impact of negative news has weakened, so excessive price increases may become the main reason.$BTC $ETH $XRP #山寨季來了？ #AI与GameFi市场表现 #币安BNSOL质押PYTH #BSC生态活力释放 #以太坊时刻到来？
