Hello everyone, I am Jiu Jiu, an old-timer in the crypto space, helping you avoid pitfalls. An eight-year veteran, a columnist at Babbit, and a writer for Binance! Teaching you logical observations in crypto.
Today we will focus on the following topics:
$BTC Latest Market Analysis of Bitcoin
- A big player's prediction about Bitcoin's bull market peak
Alright, without further ado, let's get to the point!
Bitcoin Market Analysis: Why is it Currently Under Pressure?
In my analysis yesterday, I mentioned that Bitcoin's current market is under pressure, and this judgment is based on the 'three-line system' I use. On December 21, my system issued a downward crossover signal, which is usually a bearish signal. Therefore, in yesterday morning's video, I specifically reminded everyone not to blindly catch the bottom.
If you followed my advice, then you should have successfully avoided the decline in Bitcoin's price from 97,000 to 94,000 yesterday afternoon. I believe you can maintain your mindset and make rational decisions in a timely manner, right?
Trading Insight: Patience is the Key to Success
When it comes to trading, everyone must understand: trading is an art of patience. Successful traders are often not those who make decisions the fastest, but those who can remain calm and patiently wait.
Whether it's the cryptocurrency mentioned at the beginning of the month in the advanced group at 3 dollars, or the reminder yesterday not to be misled by Bitcoin's temporary rebound, all reflect the importance of 'patience' in trading. If we become too anxious, it's easy to make wrong decisions.
Therefore, maintaining a steady mindset and persistence in patience is the secret to our success in the crypto market.
Institutional Dynamics: How do the big players view Bitcoin's future?
Despite the current stagnation in Bitcoin's market, we need not feel disappointed, as the arrival of a bull market may be just around the corner next year. This prediction is not unfounded; in fact, some major institutions have already given signals in advance.
For example, BlackRock and MicroStrategy have recently been continuously buying Bitcoin, and currently, these two institutions' total Bitcoin holdings are nearing 1 million BTC. Do you know what this means? It's close to Bitcoin's 'genesis wallet'—the total amount of Bitcoin held by Satoshi Nakamoto.
Additionally, the founder of Pantera Capital has made bold predictions about the future of Bitcoin. He believes that Bitcoin will reach its price peak in August 2025. This founder is not an ordinary person; he started buying in large quantities back in 2013 when Bitcoin was only worth $65, holding 2% of the total supply at that time.
Summary and Reminder: Invest Rationally, Maintain Strength in the Market
In summary, the current fundamentals of Bitcoin are quite robust, especially with institutions having a positive outlook on Bitcoin's future market. We can expect a potential bull market for Bitcoin next year, but at the same time, I want to remind everyone that the market is still full of uncertainties in the short term, so please invest cautiously.
Always remember: before a bull market arrives, your chips must be firmly in your hands to remain competitive in the market. Do not lose direction amidst short-term fluctuations; stay calm, continuously observe market changes, and seize real opportunities.
That's all for today's content! I hope it has been helpful to you. If you liked today's analysis, don't forget to like and share it, and see you next time!
