A Deep Analysis of Whether BTC Can Break Through 100,000

Many doubt, can Bitcoin really break through the 100,000 barrier? My conclusion is: it definitely can.

Firstly, an analysis from a technical perspective. Bitcoin's previous bull market cycles have seen short stay durations at key high points, such as 19800 and 69000, with extremely volatile movements, where the retracement within a week can reach 20 - 50%, followed by a sudden halt in the market.

However, in this round, the retracement has not yet reached 7%, indicating that we are currently in a high-level consolidation phase, still possessing upward momentum.

Secondly, considering the emotional dimension. Even though this wave touched a high of 99588, the interest shown on Google remains sluggish, only about 30% of the peak interest during the 2021 bull market.

This situation indicates that a large amount of hot money has yet to enter the market, leaving potential for further increases. Once emotions are ignited, funds will flood in, making it easy to break through 100,000.

Thirdly, exploring the dimension of funding expectations. This bull market is not on the same scale as previous ones. Many prominent institutions are currently involved, such as BlackRock, with substantial backing from Vanguard Group behind MicroStrategy.

Furthermore, Trump is determined to use Bitcoin to resolve the 36 trillion U.S. national debt, a grand goal that gives Bitcoin limitless imaginative potential, and the future influx of funds may exceed expectations.

In summary, the momentum for Bitcoin to break through 100,000 is like a surging tide, unstoppable!

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