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Bitcoin may hit new highs again – but concerns remain

Bitcoin (BTC), the leading cryptocurrency by market cap, is expected to reach a new peak in the coming months, bringing this cycle to an end. However, before the crypto king sets another record, its price may temporarily fall below its previous all-time high for the next 4-6 months.

Back in March, the market was full of optimism that Bitcoin prices would continue to rise, with most expecting prices to hit the $80,000-$100,000 range. Although some people suggested that the market might usher in a longer correction period than before, this view was not taken seriously at the time.

A deeper analysis of market signals in March showed that Bitcoin prices could remain below their all-time highs for the next 4-6 months. Today, we are only one day away from this 4-month mark. In one day, Bitcoin will have reached its 119th day since the high of $74,000. By then, we are expected to witness Bitcoin prices break through $64,000, and may even set a new historical record.

As far as the current situation is concerned, the relatively safe price of Bitcoin is about the middle of the $60 range, which is about $63,750. This figure is based on a simple average of the historical price range.

Therefore, people expect to see prices begin to stabilize and confirm the bottom, and at the same time, they can stabilize above a certain level for consolidation before trying to challenge the high of $74,000. Such a trend will lay a solid foundation for Bitcoin's future rise.

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My points are very accurate, and old fans know what the strength is.

After the market fell sharply, Daxian also ambushed some potential coins that are ready to explode.

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