Bitcoin continued to fluctuate in a narrow range around $63,000 over the weekend, and after hitting $62,356 at 6 a.m. this morning (23), it soared to $64,048, performing a double kill of longs and shorts.
Then, after 8 o'clock in the morning, it once again fell to 62,500 yuan and then quickly rose, leaving a long lower shadow. The fluctuations within three hours were quite violent. At the time of writing, Bitcoin returned to 63,538 US dollars, challenging the 64,000 US dollar mark.
The current market sentiment is generally optimistic, and it is expected that the price of Bitcoin will soon break through $70,000 or even higher. This expectation is based on a number of key upcoming events, which may provide strong support for the price of Bitcoin, reverse the bearish attitude of some investors, and promote a new round of rising waves.
Review: Every year after the Bitcoin halving, a crazy bull market will be triggered:
The halving occurred in 2012, and a huge bull market began in 2013.
The halving occurred in 2016, and the market entered a frenzy again in 2017
The 2020 halving will kick off another round of bull market in 2021
The price will be halved in 2024, and the same historical script may be repeated in 2025, ushering in a bull market feast that cannot be ignored.
Get ready for a new round of market carnival!
The monthly line will come to an end at the end of September, and the real main rising wave will start in October, when the autumn market will arrive. Looking back at the unilateral upward trend in February in the spring, Bitcoin was the first to rise, and then Ethereum followed suit and the Shanzhai took over.
CZ is released, affecting market sentiment
September 29: CZ was released from prison on September 29, which attracted the attention of the "CZ Release from Prison Concept" section.
I feel that the bull market is really here. The meme track has been really comfortable these days. As long as you hold the leader, you can make money. In addition, the ai track has also performed very well. Tao has soared, rising 3 times from the bottom.
CATI reaped a huge harvest!
I explained to everyone that CATI cannot be played! And I directly pointed out the reason why it cannot be played! ! Looking back today, it has fallen by dozens of points! ! !
The price of CATI is around 0.74 now! False on-chain data, coupled with large VCs and massive selling pressure, the current market is no longer willing to accept this! A ppt game is launched online and the market value is given as 1 billion! Who plays it? ?
In the long run, the price of CATI will fall almost inevitably, and the current market value is still high. However, I do not recommend that you short sell through contracts to avoid being used by the dealer to blow up your position. (For junk coins, the best strategy is not to touch them!)
The market value of CATI is only about 300 million new coins. Don’t have too high expectations for it!
Recommend potential altcoins worth buying in the near future
PEOPLE
PEOPLE is currently in a triangle pattern, similar to the previous trend of RATS. If it breaks upward, it may usher in a considerable market. Especially considering the upcoming election in November, it is reasonable to start the rise one or two months in advance. The opportunity is right in front of us, and it is worth paying close attention!
BABY
Pay attention to the pressure of the downward trend line, and it will take off if it breaks through. Once it breaks through, you can wait and buy when it pulls back. You can wait and see before it breaks through!
