Is the exciting bull market of 4 years over? Or is it an unfair bull market in 2024? It's just the market heat driven by ETFs. Many people asked me in private messages. Is the bull market really like this? This is something that cannot be confirmed. It needs to be looked at from all aspects. The following content is for reference. Is it really like this?
1️⃣
Many people say that the real bull market will come in 2025, when BTC will break through 150,000 US dollars.
2️⃣
Recently, many people said that the bull market is over, and Bitcoin will fall to 40,000 or 20,000. The most difficult crypto winter in 2022 has been survived. Now Bitcoin is at least above 60,000, which is much better than the market in 2022. So don't be overly pessimistic.
3️⃣
Looking back at the trend above, in the bull market price trend of 21 years, the rise was at the peak of the bull market, and there were also obvious pullbacks, not to mention at the beginning of the bull market. From the perspective of long-term holders, the bull market has been open for a short time, and even the bull market in 2018 lasted longer than now.
4️⃣
With the approval of spot ETFs, I think the end of 2024 to 2025 should be regarded as the so-called "violent bull market". This bull market may have a "triple top" or at least a "double top" situation.
5️⃣
ETH cannot rise this time because the inflow of funds from Bitcoin ETF is still limited. There will be no big bull market without a large amount of money in the current size of the currency circle. The Federal Reserve currently has some expectations for interest rate cuts, and interest rate cuts are usually accompanied by black swan events. The sustainability of interest rate hikes is lagging. There is a high probability of shock wash before at least the fourth quarter of 2024. If the black swan really comes, you must
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