How will Bitcoin (BTC) trend next?
Since Trump was elected in November, Bitcoin has experienced a wave of rises, which may be coming to an end.
Ideally, Bitcoin will maintain a range of $92,500-99,000 and fluctuate and consolidate.
If it is slightly worse, the price should not fall below $89,000. $87,000 is the key support level and must be maintained.
Next, it may be that Ethereum will take over the rise and drive a wave of altcoins to rise.
First, old mainstream coins such as ADA and XRP led the rise, followed by coins in the public chain track, and finally the GameFi track and other emerging projects gradually pulled up, and the overall market entered the rising stage.
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When Bitcoin is adjusted, it will dominate the market again, break through $100,000, and rush to $120,000 or even $140,000 again.
In the process, Ethereum and other altcoins will continue to boost the market, which may usher in a sharp rise, or even a daily surge of more than 100%.
However, when Bitcoin reaches $140,000, the market may begin to reverse and a correction may occur, and the shadow of a bear market will follow.
In the end, this will be a typical market cycle: after rising to the peak, it will gradually turn downward.
Everything seems to be expected, a perfect market arrangement.
