Regarding the future market trend, many people are asking: Is the bull market over? Will Bitcoin continue to rise? History tells us that bull markets are often born in despair, grow in doubt, and end in general madness.
At present, Bitcoin's bull market train seems to be accelerating, aiming directly at the $90,000 mark.
Looking ahead, there are several key events that may have a significant impact on the market:
1. The Fed's interest rate cut decision may increase liquidity in the market and bring upward momentum to cryptocurrencies such as Bitcoin.
2. The buying and selling movements of large Bitcoin funds such as BlackRock will become an important signal for the market. If they start to sell Bitcoin on a large scale, it may indicate the end of the bull market. But it seems that this has not yet happened.
The final high point of this round of bull market is still unknown. It may reach $200,000, $500,000, or encounter resistance at $150,000. However, the current price of Bitcoin at $70,000 is relatively low, providing investors with an opportunity to buy and hold for the long term.
For those who are not sure which cryptocurrency to invest in, Bitcoin is still a safe choice, and it is seen as a weathervane for the entire market. At the same time, BNB is also an asset worth paying attention to.
As part of the Binance ecosystem, BNB has great potential and its market capitalization is expected to rival mainstream cryptocurrencies such as Ethereum.