The historical performance of this round of Bitcoin bull market shows that the slope of each upward climb gradually slows down, but there is often a rapid rise in the final stage.
From the beginning of 2023 to the present, the price of Bitcoin has been rising steadily, showing a gradual rise.
At this stage, the market capital structure has changed, from the initial awakeners to retail investors, to the current wealthy and institutions, and even some traditional funds such as pension funds in several states in the United States, showing the wide participation and confidence of the market.
Therefore, the current liquidity problems or insufficient funds of retail investors are not a problem. We cannot know the specific source of funds, but we can believe in the laws of nature. In the final stage of this round of bull market, there is usually a rapid rise.
From a technical analysis point of view, breaking through the $70,000 mark may mark the beginning of the second half of the bull market.
For the high point expectations of this round of bull market, the conservative estimate is between $100,000 and $130,000, while the broad range may extend to $100,000 to $210,000.
In general, despite the volatility and uncertainty in the Bitcoin market, based on historical data and market conditions, it can be expected that Bitcoin will continue to see a significant rise in the next few months.
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