Bitcoin is about to break 70,000!
The Bitcoin market staged a shocking "washing" action over the weekend. After the two-way explosion, the price successfully broke through the previous high, and the momentum was strong, with no signs of falling back. After four months of shock consolidation, the previous pressure level of 70,000 to 73,000 is no longer a threat, and it is expected to usher in a sharp rise in a few weeks, setting a record high. This is the fifth time Bitcoin has hit the key position of 70,000 points since March.
First of all, Trump's speech in the early morning yesterday provided us with an excellent testing opportunity. The dealer used Trump's speech to touch the trend line twice to test the selling pressure in the market. Although the amplitude is small, this point can be understood by old leeks, so I won't repeat it.
More importantly, when Trump was speaking, Bitcoin did not really break through 70,000 in large volume, and the hourly line amplitude was low. If I were a dealer and wanted to cheat, I would definitely use this speech to pull up sharply above 70,000, and then fall to cut leeks. However, this is not the case, which shows that the dealer does not want floating chips. Judging from the rebound and pull-up after the big drop in early July, I don't think the dealer is cheating this time. Especially at the position of 70,000, the dealer needs to spend a lot of real money to break through, and will not waste time and money here. They spent so much money to prepare for the breakthrough, indicating that the goal of Bitcoin at $100,000 is about to be achieved, witnessing the violent bull market!
Bitcoin is expected to reach the historic mark of $100,000 by the beginning of 2025. From 2015 to 2017, everyone's slogan for Bitcoin was 100,000. Now, Bitcoin is about to arrive at this station. Although many people who shouted slogans have already got off the bus, in the future, there will be people getting on and off at every stop. Perhaps only Satoshi Nakamoto will accompany Bitcoin to the end
