#BTC重回关键位置后走势
Recently, the price of Bitcoin has been hovering between $96,000 and $100,000, leading market participants to speculate: Does this mean the end of the bull market? Or is a Christmas rebound on the horizon? During this period, the significant decline in the crypto market has triggered panic, with traders beginning to doubt whether Bitcoin's upward momentum has been exhausted.
Pullback: The pause symbol of the bull market?
As Bitcoin broke through the $100,000 mark, many investors chose to lock in profits by selling some assets, leading to a noticeable market pullback. Long-term holders are also observing market changes, ready to embrace new opportunities.
But do these pullbacks mean the end of the bull market? From a technical perspective, although there has been a decline in the short term, it cannot be hastily concluded that the bull market has ended. Pullbacks are normal in a healthy market; it may just be a brief respite to accumulate energy for a larger upward movement.
Short-term fluctuations: The market needs time to stabilize
The recent market adjustment is largely due to a large amount of profit-taking in the short term and the volatility brought by new entrants. Although it seems to be a sharp decline in the short term, if the pullback does not last long, the market is likely to quickly enter a stabilization phase. Bitcoin's price may continue to fluctuate between $96,000 and $100,000 for a while.
Indicator interpretation: Bearish pressure emerges
According to Bitcoin's weekly chart, the current price is approaching a short-term high and may need to face some adjustments. The MACD indicator shows that although buying pressure has dominated since October, it has weakened now. Additionally, the RSI is about to drop out of the overbought zone after showing bearish divergence, indicating that the market may need some time to digest the current gains.
Future breakthroughs: ETF and the Trump effect
Despite the bearish signals in the short term, the market has not completely given up on its potential for upward movement. In particular, the continuous growth of Bitcoin ETFs and the increase in inflows may provide support for the market. Furthermore, with Trump's and the Republican Party's push, a new round of institutional investment and market enthusiasm may be sparked once the new president takes office.
Rebound or pullback, the choice is in your hands
Overall, Bitcoin is currently in a critical adjustment period. Although there may be pullbacks in the short term, this adjustment provides a better accumulation opportunity for the market. By 2025, Bitcoin may break through $110,000, ushering in a new peak. Therefore, the current market adjustment should not be viewed as the end of the bull market, but rather the beginning of a new opportunity.
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The market is always full of uncertainties; adjustments and rebounds are the norms in the crypto market. Crypto investors need to remain calm at all times and seize opportunities in the volatility! Follow me to stay at the forefront of the market!
