Ladies and gentlemen, the price of Bitcoin has now risen to 107,790 and is about to reach the second target price of 109,300.

The total market capitalization of the entire cryptocurrency market has also reached 3.8 trillion, with Bitcoin accounting for 55.6%, which is 2.1 trillion. Currently, it ranks seventh in the world, only 0.32 trillion behind Google, making it reasonable to believe that it could surpass Google this month.

In this way, the opportunities for altcoins are just around the corner.

In the past week, Bitcoin has entered a mode of accumulation and upward attack, withdrawing 95% of the liquidity from the market, resulting in altcoins showing a trend of following down but not up. Even Ethereum has struggled to rise, which is a normal phenomenon, as there is currently no influx of outside capital, only internal funds are pulling prices up.

After Bitcoin reaches the 109,300 range, it is expected to have a few days of consolidation, and it will be worth watching whether altcoins can seize the opportunity and initiate a strong rebound rally.