#今日市场观点
Is Bitcoin going to fly? After 7 months of silence, it soared by $300,000? Or is it just a false alarm?
Bitcoin has been consolidating in the $60,000-$70,000 range for seven months. Many fans are asking: If Bitcoin really has the potential to rise to $300,000, why hasn't it started yet? Why is it still consolidating now, and even fell to $49,000 at one point?
Supply-side pressure: In the high range, some early investors and miners and even governments choose to cash out, which creates considerable selling pressure in the market and hinders further price increases.
Demand-side caution: Despite the long-term bullish sentiment, many investors are taking a wait-and-see attitude against the backdrop of increasing economic uncertainty, resulting in insufficient demand to break through the current price range.
Federal Reserve monetary policy: The Federal Reserve's monetary policy is one of the important factors affecting Bitcoin prices. If the Federal Reserve tightens monetary policy, raises interest rates, and market liquidity decreases, the attractiveness of risky assets such as Bitcoin may decline, leading to price pressure.
Global economic uncertainty: Global economic uncertainties such as the risk of recession, rising energy prices, and supply chain crises have also made investors more cautious about investing in risky assets such as Bitcoin.
$70,000 is an important psychological barrier. Breaking through this barrier requires not only capital promotion, but also a significant improvement in market sentiment. The current cautious and wait-and-see market sentiment means that it is difficult for prices to break through this key resistance level without major positive stimulus.
Key support level: The $49,000 retracement tested the key support level of the market. If this support level can be maintained and consolidated between $60,000-$70,000, it shows that there is still a certain buying power in the market, which is a positive signal for the potential rise in future prices.
