Bitcoin Market Outlook: $140,000?
Bitcoin is about to reach a critical moment in breaking its previous high! After half a year of consolidation, the crypto market has finally entered a major upward trend, with a market target of $140,000. The upward trend for October has already become clear, and looking ahead to November, we may see even greater gains.
Currently, Bitcoin is facing some resistance around $74,000, and it may slightly pull back to around $70,600. I have placed many orders and am patiently waiting for the right entry point. Short-term fluctuations do not affect the overall trend, and once the bull market begins, any pullback will be a rare opportunity to get in.
For altcoins, it might be wise to wait and see for now. Once Bitcoin rises, the altcoin season may follow suit. At that time, small coins like Pepe and WIF could easily achieve 5-10 times their current value, and the market could see a resurgence.
Investors should remain calm, hold patiently, and not be easily frightened by short-term fluctuations. The only current uncertainty lies in Trump's election prospects, which have a winning probability of about 65%, and the market rhythm may be related to this.
Finally, if this market surge brings 10-20 times returns, it would be wise to plan ahead on how to make the most of this wealth. Make some thoughtful arrangements for your family so they can feel the joy brought by this success.
