The following three scenarios may occur in the future trend of Bitcoin:
1. The first scenario (most likely):
Bitcoin rises to the range of $60,000-61,000 in the short term, followed by a short-selling outbreak, and the price falls back, testing liquidity again, but will not fall below the previous low of $52,510, forming a higher low and entering a period of shock adjustment.
It is expected that in mid-October, Bitcoin will rise again, breaking through the September high to around $65,000, and then go sideways, waiting for the third rate cut.
In mid-November, Bitcoin will officially enter the main rising wave, breaking through $70,000 several times, sprinting to $85,000, and stabilizing at around $88,000 at the end of the month.
It is expected that Bitcoin will break through $100,000 in December.
2. The second scenario (bull market starting point):
Bitcoin breaks through $60,000 in the next three days, opening a bull market.
Prices will break through the historical high to $74,000 before the third rate cut.
After the rate cut, Bitcoin will soar all the way. After accumulating strength, it is expected to sprint directly to $100,000 in November.
3. The third scenario (least likely):
After Bitcoin rises to around $60,000 in the short term, the short-selling outbreak causes the price to continue to fall, entering a deep bear market.
In the early stage of the rate cut, an economic crisis may break out, further suppressing the price of Bitcoin.
Among these three scenarios, the first scenario is the most likely, while the third scenario is the least likely.
In the current market situation, I have dozens of response plans
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