Will Bitcoin return to $40,000? Its market value has surpassed Berkshire and Meta. What factors have contributed to the rise of Bitcoin? What will be the subsequent trend?
All indicators have failed, and Bitcoin has once again stepped back to the level of 52. We need to see if this position can hold up. If there is new bad news, causing this position to fail, then the next support point is 42. If even this key bull-bear dividing line is completely broken, this round of callback is equivalent to an upgraded version of the 312 incident.
However, all the crypto market crashes caused by external bad news actually contain opportunities. From the 94 incident, the 519 incident to the 312 incident, every major callback has been recorded in the history of the crypto market.
In another half a month, the adjustment time will reach four months. Even in the bull market, the most tragic adjustment period is only three months. The current adjustment time has exceeded the 519 incident. If you still believe in the bull market, then now is the bottom area.
Even if we are in a new round of big bear market, the sharp decline in the bear market generally lasts for about seven months before bottoming out. According to the logic of the bear market, it will fall to October or November at most, and then a new round of market will start.
What we have to do now is to hold on first, at least the future is still full of hope. If the blockchain market really keeps falling, with no signs of rebound or rise, then this industry is doomed to disappear, and everyone will disperse!
The market has not been rising all the time, nor has it been falling all the time.
