Can Bitcoin reach 100,000? Impossible, absolutely impossible!
1: From a technical analysis perspective, Bitcoin's previous bull market cycle highs of 19,800 and 69,000, although very close to the next integer threshold, have only seen very brief periods of stay at these levels and significant volatility, with retracements of 20-50% within a week, after which the market ended. However, this round has only seen a retracement of less than 7% so far, which means we are currently in a high-level consolidation.
2: From an emotional standpoint, even if this wave reaches a peak of 99,588, the heat on Google is still very low, only about 30% of the 2021 bull market peak, and media discussion is also low, even not trending, which means a lot of hot money has yet to enter the market, indicating potential for the future; trending topics should be reserved for new highs above 100,000.
3: In terms of capital expectations, this round is not at the same scale as previous bull markets. The current major players, such as BlackRock, manage $10 trillion in assets, and the largest shareholder behind MicroStrategy is Vanguard, which is of a similar size. Currently, MicroStrategy's first batch of costs is around 88,000, and the scale of sovereign funds from G family entering the market will only be larger. Additionally, Trump is determined to use Bitcoin to solve America's $36 trillion national debt, which opens up extremely exaggerated future possibilities.
Having read this, do you still think breaking through 100,000 is a big deal? This is just a high-level consolidation; what's the big deal if it rises by a few thousand points or falls by a few thousand points?