Why do we say that the bull market has really arrived this time? How will the market go next?
First of all, you can see that the price of gold has been rising rapidly, breaking records, which shows that everyone is looking for a safe place to put their money. Bitcoin, like gold on the Internet, has also benefited from it. It rose sharply last week and recovered all the losses in September. Experts also said that this is just the beginning. In October and the entire second half of the year, the cryptocurrency market will be extremely hot.
Why can Bitcoin rise? There are many reasons. The Federal Reserve cut interest rates as if it didn't need money. There is more money in the market, and Bitcoin has rushed to more than $62,000. Gold has risen sharply, and everyone is willing to buy Bitcoin, which can preserve its value. Ethereum has also begun to rebound, the market atmosphere has improved a lot, and Bitcoin has also stood more firmly. In addition, there is a presidential candidate Harris in the United States who publicly said for the first time that she supports cryptocurrency, which is a great thing for the industry.
However, let's not be too happy too early, we have to wait and see how the market will go in the future. It is right to be bullish in the long term, but it may fall again in the short term. If it does fall, it will be a good opportunity to buy. From now until the middle of next year, I think the market will slowly rise, just like an old ox pulling a cart. Why? Because Bitcoin's market share may be reaching its peak, and it needs to be adjusted; when the Federal Reserve cuts interest rates, U.S. stocks often plummet, and Bitcoin is no exception; the real bull market climax will have to wait until quantitative easing (printing money) really comes, and it is estimated to be after the second half of 2025; looking at the market, Bitcoin has already gone a long way, and it may rise again next, or adjust after reaching a new high.
So, everyone has to hold on to the coins in their hands, and don't let go easily. Hold them until the end of the year, and I guarantee you won't regret it. The tide of interest rate cuts has come, and the days of big increases are not far away, just be patient and wait. Don't miss this wealth train!
