What price can Bitcoin reach this time? Can it stabilize at 80,000 with such strong upward momentum?

Currently, Bitcoin is continuously creating historical highs, easily breaking through the 80,000 mark! The current Bitcoin trend is similar to the gold trend from two months ago, breaking historical highs every day with almost no significant pullbacks. The difference from gold is that gold has a very large market capitalization, whereas Bitcoin's market capitalization is relatively small, making it more susceptible to manipulation and harder to predict.

In the current market analysis, there are no signs of a pullback for Bitcoin. Since Bitcoin is at a historical high, there is no reference point, and analysis can only rely on data.

The market sentiment is currently very complex. While Bitcoin is surging, the volume of long liquidations is not significantly different from that of short liquidations. Moreover, in Bitcoin's recent trend, there are no very obvious spikes or pullbacks, and the biggest possibility for long liquidations is speculative trading with heavy short-term positions. In simple terms, long traders are not entirely certain of a bullish outlook, which reflects a bearish market sentiment, while the market manipulators are making counterintuitive upward moves!

Once it breaks through 80,000 and stabilizes, the upward space is actually quite large, as there is no pressure above. The only pressure comes from long positions, and those operating at historical highs are taking on significant risks, making it only suitable for short-term speculative trading. For market manipulators, there is not much pressure to push the price up. The spot market for Bitcoin also does not show significant selling pressure, so Bitcoin's rise is quite normal.

The possibility of Bitcoin reaching around 83,000 is very high, which is also the point where I will add to my position. 85,000 will be the absolute pressure point at this stage; if it reaches that level, the cost-effectiveness for shorting will certainly be there. Continuously monitor the market trend and see if 83,000 can be easily reached.

The more aggressively it rises, once it changes direction and pulls back, the magnitude will also be very large. In trading, you can profit not only from price increases but also from price decreases!