The current price of Bitcoin is nearly $100,000, about 720,000 RMB. If it rises threefold, it will exceed 2 million.

At that time, altcoins may flood the market, and media like Douyin will widely report Bitcoin like it’s tulips.

The government may secretly buy a large amount while restricting ordinary citizens from purchasing.

Increase the crackdown on black market dealings and strictly regulate large buyers who purchase at low prices.

As a result, ordinary people, affected by the price, are abandoning Bitcoin in the spot market and turning to altcoins.

The number of short sellers will increase, and the number of people jumping off buildings or becoming overnight millionaires will be as numerous as fish crossing a river; it will be an exciting yet crushing phase.

However, given the current situation, it’s too early for Bitcoin to break $300,000, at least in this bull market, it’s unlikely before September 2025.

Bai Yi suggests not to have overly high expectations; it's enough to catch the middle part of the fish.

Alright, back to reality, how much can this round of the bull market reach?

According to the Fibonacci terminal pricing model for Bitcoin, the price has successfully broken through the 4th line ($93,742).

The next target price points to the 5th line ($147,553), indicating bullish market sentiment.

This model is based on the Fibonacci sequence (3.5.8.13,21) and on-chain data of Bitcoin.

It also delineates important reference lines for historical price fluctuations:

5th line: $147,553; 4th line: $93,742; 3rd line: $60,111; 2nd line: $39,932; 1st line: $26,479.

This model shows that the price fluctuates between these key lines from historical lows to highs, gradually moving towards new highs.

Currently, after breaking the 4th line, the market's attention has focused on $140,000 (the 5th line).

Investors need to pay attention to this critical phase and adjust strategies according to market trends to welcome a new round of upward trends.

Thank you for your attention. I am Bai Yi, continuously sharing.
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