Bitcoin, the raging bull market may have already begun or is about to begin.
Great bulls always start unknowingly and grow in hesitation! After each halving, Bitcoin experiences an adjustment period of about 6 months. In 2016, it took 170 days to break the previous high after the halving. In 2020, it took 197 days after the halving to break the previous high and initiate a bull market. As of now, 170 days have passed since this halving in 2024. Short-term bullish signs: if Bitcoin breaks through $70,000 and stabilizes, it may announce the official start of a new round of market activity. Currently, market sentiment is improving, with prices stabilizing at $62,000 and signs of upward movement, but seasoned investors unanimously believe that a true bull market only begins after breaking $73,000.
Bitcoin has been falling for four consecutive days now, and the decline is not too large. The total drop in the four days is about 10%.
Everyone in the market has been looking for opportunities to increase their positions. In addition, the A-share market was quite crazy before the holiday, so some people began to worry about whether to increase their positions in A-shares or in Bitcoin. Is Bitcoin the last chance to get on board now, or is A-shares the last chance?
If we look a little further ahead, we can clearly see that the sentiment of A-shares has changed significantly, but the fundamentals have not changed. The fundamentals of Bitcoin have also not changed. One is the bad part that has not changed, and the other is the good part that has not changed.
Shocking Insights! MicroStrategy's Mike Saylor, Why I Went All-in on Bitcoin?
The boldest investor bets everything on this field! In the past week, 50,000 bitcoins were purchased at an average price of about $88,000. According to documents, MicroStrategy bought 51,780 bitcoins at an average price of about $88,000 between November 11 and November 17, spending as much as $4.6 billion. Currently, MicroStrategy holds a total of 331,200 bitcoins, with an accumulated purchase cost of about $16.5 billion, averaging about $49,874 per bitcoin. MicroStrategy has become one of the largest publicly traded companies holding bitcoin, with holdings accounting for about 1.5% of the total global supply of bitcoin.
Intensive Releases! Using BTC as a Strategic Reserve is Expected to Bring an Epic Bull Market in 2025
Recently, we noticed that after Bitcoin hit an all-time high, CCTV reported on it, and we observed that the report had changed; on the evening of November 7, CCTV-2 (CCTV Finance Channel) reported, 'Bitcoin price soared to an all-time high, reaching $75,000, with an increase of over 8%.' Reports also state that Trump had previously promised to make the U.S. the world capital of Bitcoin and cryptocurrency and establish a strategic Bitcoin reserve. The entire report does not contain any negative comments about Bitcoin and even mentions that Trump may use BTC as a national strategic reserve.
Since Bitcoin reached a new high of $93,000 on the 13th, the market has entered a narrow fluctuation range between $89,000 and $91,500, struggling to break out or fall, whether it is a decline disguised as fluctuation or market makers pulling up to sell.
On the emotional side, most people are itching to add positions with their bullets ready. Binance's annualized borrowing rate has reached 20% and has persisted for nearly half a month, with the FGI Fear and Greed Index reaching 90, indicating extreme greed. I have said many times that if such lending rates can be sustained, trading cryptocurrencies would be unnecessary; just convert RMB to USDT and enjoy risk-free returns.
As BTC continues to hit its all-time high of $93,000, the market value of Bitcoin has surpassed silver, ranking eighth in the world's asset market value. Data shows that the current BTC market value is approximately 1.8 trillion US dollars. As Bitcoin continues to attract more capital inflows, some experts predict that its market value will continue to grow and may even further threaten the status of gold. If it increases 10 times to 1 million US dollars, it will surpass gold to become the world's largest asset.
Bitcoin is not only the first cryptocurrency to reach such a market value, but also marks the position of digital assets in the global asset landscape.
Big dive late at night! Bitcoin starts to pull back, should I sell it now?
As Bitcoin reached a height of 93,000, veteran investors all understood that this was a hurdle, a short-term high point. I published an article on the 13th (Up 10,000 points in 2 days, crazy Bitcoin, can we still catch up?!) using three major data to clearly indicate that a short-term correction is imminent. However, just late last night, Federal Reserve Chairman Powell said that due to the strong US economy, the Fed does not need to "rush" to lower interest rates. After the news came out, BTC immediately accelerated its dive by 3,000 points. As of press time, the market has been fluctuating downward. Currently, there are two views in major communities.
Viewpoint 1: The high point has been reached, and it is recommended to sell. Therefore, most of the decline this time is the reflection of investors with a cost of less than 75,000 selling for profit.
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I can't sleep tonight, witness the miracle! Bitcoin is soaring, the bull market is coming, and 100,000 US dollars is just around the corner!
Last month, when Bitcoin was over 70,000 US dollars, people said that the bull market was coming, but there were still disagreements and doubts. Now it is over 90,000 US dollars, and there is no doubt that the bull market is here. I have said it hundreds of times in the past six months. The cycle is still valid. The BTC position must be fully filled before the end of October. Time is more important than price. I won’t say too much to get you all on board, so you can look through my previous articles. I’ll just pick a few at random. 1. (Why do people say that those who sell coins now are all leeks?)
2. (Approaching a record high! The crazy bull market in this cycle is completely clear, and now it is time to pay for the recognition)
10,000 Points Up in 2 Days, Crazy Bitcoin, Can We Still Chase It?!
Recently, BTC surged by 10,000 points in just two days on November 11 and 12, from 70,000 to 89,940. Nearly 20,000 points took just a week, while such an increase last year might have taken several months.
Despite the rise from 70,000 to 90,000, about a 30% increase, most brothers still did not make money, either being out of the market, holding a light position, or not having BTC but holding altcoins. The current price of Bitcoin has reached around 90,000, and whether to enter the market has become the biggest question at hand. If BTC rises to 100,000, 120,000, or 150,000 without getting on board, wouldn't that mean completely missing out on this bull run?
A surge of 118% in one month, a carnival for Musk and his dogs
Trump won the election and Musk became the biggest beneficiary. The Dogecoin he supported rose by 118% in a month, blinding the entire MEME circle. Everyone in the currency circle knows that it is better to play with new things rather than old things. This is the only old altcoin that survived and is doing well.
The coin that has benefited Musk the most in the cryptocurrency circle, besides Bitcoin, is Dogecoin. The cryptocurrency world is so magical. A person who mocks Bitcoin directly copies the Bitcoin code and makes some changes to it. There are even many BTC letters in the code that are not changed and the currency is issued. It is such an experimental coin, which was issued out of thin air to see if it would return to zero and disappear. However, after going through the test of time, it finally spawned a bunch of puppies under the support of Musk, and became the leader of MEME, with a market value of up to 28 billion US dollars, ranking eighth among more than 30,000 cryptocurrencies.
It's broken 80,000 now. If you haven't made money yet, click on my profile picture to get the secret.
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After the major bull market in 2021, after nearly three years, Bitcoin has once again broken its historical high, proving the cyclical theory of the crypto industry still holds. This month, breaking the previous high was unexpected for most newcomers, but for seasoned investors, it is not surprising at all; breaking through $70,000, $80,000, and $100,000 is inevitable. You might say that any market with patterns will be broken, yes, I agree, but perhaps being broken is the next cycle, the cycle after that. However, it can be confirmed that this bull market has shown that the cyclical theory remains valid; nowadays, people wake up every morning to price increases, with prices hitting new highs nightly, reaching $77,000.
The Rise of a Cryptocurrency Underdog! The Influential Figure AHR999 Achieving Financial Freedom Through Bitcoin!
In the world of cryptocurrencies, some individuals stand out in the wave of Bitcoin due to their unique vision and persistent dedication. V God is a household name, but there is another figure who has had a profound impact on millions of small retail investors. He is AHR999, known as 'Jiu Shen', Jiu Shen was originally named AHR999. Because his forum ID was recognized by the system as 'AHR999' and his profound understanding of Bitcoin, everyone began to refer to him as 'Jiu Shen'. His investment philosophy and strategy have earned him widespread influence in the cryptocurrency circle.
A surge of nearly 20% in 2 days! Is Ethereum about to take off?
I think I have written at least two articles about Ethereum and SOL. Many people think that Ethereum is not doing well, mainly when compared with BTC and SOL. To be honest, there is no need to compare it with BTC, they are totally on the same track. Jiushen said in "Hoarding Bitcoin" that for applications like Ethereum, you propose a 2.0 today, and he will come up with a 3.0 tomorrow, and someone will definitely come up with a 4.0 the day after tomorrow, so don't worry. The original proposal for 2.0 applications was BTS. Where is it now? Applications must be fast, large, and fun. Such demands place endless demands on technology.
Bitcoin breaks all-time high, this day is destined to go down in history
Yesterday morning, many students sent me messages, all of which were good news. Some said that it had reached a new high and they felt great to have a full position. Some said that their private teaching fees had been recovered several times. They sent me big smiling faces all over the screen, and I quickly took out my phone to take a look. Indeed, it had broken through the previous high of 73777 and even surged to 75,200 US dollars. When I wrote the article the night before yesterday, the price was still 68,000 US dollars. When I posted the article at 6:28 yesterday morning, it reached 69,000 US dollars. Even if you finished reading yesterday's article at this time and took action immediately, you would still have a profit of nearly 10%. The price of the coin took off at about 8:05, which was about half an hour after I posted the article.
The Great Battle, Concerning Cryptocurrency Prices!
With the election still undecided and cryptocurrency prices fluctuating, this scene resembles the A-shares at the end of September. Once the direction is determined, a large influx of FOMO capital will enter, and the ChiNext Index and Sci-Tech Innovation Board Index, which usually fluctuate around 3%, directly surged 18% or even 20% to a limit up. This is an index; it's truly something to behold. If Trump is elected smoothly, a 10% rise in Bitcoin in one day would not be surprising, shooting directly to around 76,000. What will you do then? To get on board or not? If you don't, the price may never turn back. If you do, it might be a bit awkward since just the day before, the price was still below 70,000.
Bitcoin plunges nearly 10%, a buying opportunity as the bull market reverses, often looks terrifying.
Recently, there has been an overwhelming amount of negative news; Bitcoin has dropped from $73,620 on October 30 to a low of $66,835 today, plummeting nearly 10% in four days. What exactly is falling from the sky—flying knives or pies? Should we accept this price or not? How should we respond?
Let's first look at the news.
1. Bitcoin is expected to fluctuate "up and down" by at least 10% based on the results of the U.S. election.
Anonymous trader DaanCryptoTrades posted on X that Bitcoin's price could fluctuate by at least 10%, depending on which U.S. presidential candidate wins the election on November 5. IGarkets analyst Tony Sycamore wrote in his investment report on November 4 that Bitcoin needs to "sustainably break" the resistance level of $74,000 to confirm an upward trend and may surge to $80,000.
Bitcoin, when should you hold a heavy position, and when should you hold a light position?
The two most important elements in trading and investing are the asset and the position. Even if you select a hundredfold coin, if the position is very light, 1,000 yuan, even if it rises 100 times, it would only be 100,000 yuan, which still won't change much for you. Bitcoin has risen 90 million times in 14 years, but if you have zero position, even if you knew early, it is still a waste now. Someone proposed a strategy for catching hundredfold coins, which is to choose your top 100 favorites, buying 100 yuan each, totaling 10,000 yuan, and leave it untouched for two cycles to see. If one of these hundred is a hundredfold coin, you break even; if there are two, then you double your profit.