Will Bitcoin reach 100,000 again?
Since Bitcoin first broke through the psychological barrier of 100,000 USD on the 5th, it has consistently stayed below 100,000 USD since the 19th. The market is concerned about when Bitcoin will return to this major level. Ryan Lee, Chief Analyst at Bitget Research, believes that Bitcoin could exceed 105,000 USD after liquidity improves during the Christmas holidays.
Ryan Lee analyzes that the recent downward trend in Bitcoin is a typical phenomenon of insufficient liquidity during the holidays.
Vetle Lunde, Head of Research at K33, previously stated that based on past bull market cycles, the average duration from the first historical high to the last historical high in each bull market for Bitcoin is 318 days. If we refer to previous market values, Bitcoin could potentially reach up to 212,500 USD in this cycle.
Elon Musk's dog appeared in a picture shared by Elon on Christmas this year, with a very high appearance rate and immense affection. Even if Elon does not make a call, there is strong capital and community support behind it; this bull market has at least a 1 billion USD base!
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