$BTC #BTC 🎉🎉🎉Congratulations to BTC for reaching the $6.4k milestone! It remains to be seen whether the carnival in the currency circle can break through 6.5W.

Although market fluctuations before the halving are difficult to predict, if Bitcoin successfully reaches a new high between May and June, it may trigger a more rapid bull market rally.

However, if Bitcoin’s trend changes in 2024, such as breaking through the high earlier or later, then the entire market pattern may be different. In a bull market, the movement of Bitcoin is often seen as a market indicator. Once Bitcoin breaks through its previous high, the market may enter the mid-term stage of a bull market. When the price of Bitcoin doubles again, it may indicate that the bull market is nearing its end. At this time, the market may become extremely frenetic, with prices of various assets soaring, even some of lower quality assets. This is also a time when investors need to be particularly vigilant, as excessive leverage and risky behavior can lead to severe losses

As the market gradually turns colder, Bitcoin prices may begin to continue to decline. At this stage, many investors may still have optimistic expectations for the market and believe that Bitcoin will continue to reach new highs. But as time goes by and prices continue to fall, people will gradually realize that a bear market has arrived.