The Similarities of the 2024 Bull Market with 2021 and Market Predictions

1. Similarities between the Current Bull Market and 2021

• Overall Observation: The current bull market trend is very similar to that of 2021, but relatively stable, lacking major negative news.

• Negative Events in 2021 and 2022:

• Global Pandemic

• China's Crackdown on Miners

• US Interest Rate Hikes

• Multiple Exchange and Bank Failures (such as Luna Collapse, Silicon Valley Bank Incident)

2. Review of the 2021 Bull Market Trend

• Rise and Correction:

• In 2021, the peak reached 74,000 USD, followed by a volatile drop to about 48,000 USD.

• Market expectations were optimistic, but influenced by multiple negative events, leading to significant fluctuations.

3. Expected Trend of the 2024 Bull Market

• Market Sentiment: Similar to 2021, the market generally expects peaks (100,000, 200,000 USD).

• Forecast for this Bull Market:

• Compared to 2021, it is expected to be more stable, but still exhibits characteristics of significant fluctuations.

• Expected Peak: It is speculated that it will not exceed 80,000 USD.

4. Conclusion

• This Bull Market is Similar to 2021: The trend patterns are similar, but lacking major negative news.

• Peak Prediction: Market optimism may drive prices up, but one should be cautious of significant fluctuations.

• Trading Advice: Remain cautious, avoid chasing highs blindly, and focus on risk management.

Summary: The 2024 bull market, while similar to 2021, is more stable due to reduced negative factors, but caution is needed to address potential fluctuations. #BinanceBlockchainWeek #比特币布林带收窄至低水平 #BTC突破6W9 $BTC