After the election settled, Bitcoin rose from 68,000-76,000, and yesterday it broke through 81,000 from 76,000 in one go. I haven't felt this 'push' sensation for a long time. My intuition is that the bull market has been confirmed to start. Where is the peak of this round of Bitcoin BTC rise? How should we understand 100,000 USD?
In the chart below, it can be seen that Bitcoin has gone through three stages: 'decline', 'turning point', and 'rise'. In the 'turning point' area, the price did not create a new low, stopping at 48,888.0, which can be seen as a signal of market stabilization, indicating that the selling pressure is starting to weaken, and the market is entering a relatively balanced state.
Subsequently, the price gradually increased, forming a trend of 'higher lows', which usually indicates that buyers are gradually taking the lead, and the market is expected to enter an upward cycle. In this process, the EMA200 also serves as an important support line, further confirming the formation of the upward trend.
Conclusion: From the price pattern, the upward space for Bitcoin does not necessarily have a clear specific target, for example, 100,000 USD is more of an integer and psychological barrier rather than a standard based on objective analysis.
However, by observing the second high point and multiple tests, we can more accurately judge whether the price is close to the top position. When the price presents a clear second high point (slightly lower than the previous high) and tests this level multiple times, we can preliminarily consider that the price may have reached the stage of 'peaking' (similar to the trend from March to May this year), after which it may enter consolidation or retracement. In other words, only when the market repeatedly tests a certain level at high positions and fails to break through will we start to consider that the upward momentum may be nearing its end.
When might this round of bull market peak appear? Based on historical 'boat carving to seek a sword': how long after breaking the previous high until a new high?
According to historical statistics, after breaking the previous high, a new peak is generally reached in about 10-11 months; thus, this round broke the previous high in March of this year, pushing forward 10-11 months leads to around February next year (2025), coinciding with the Chinese New Year which may welcome the highest point for Bitcoin.
How long after the Bitcoin halving until a new high?
According to historical statistics, new highs generally appear about 530 days after the Bitcoin halving; thus, based on this calculation, the highest point of this round of Bitcoin may be around October 2025.
Personally, I feel that Q4 of this year and Q1 of next year will be very good, likely producing many great opportunities. Looking forward to making money together!
After the election settled, Bitcoin rose from 68,000-76,000, and yesterday it broke through 81,000 from 76,000 in one go. I haven't felt this 'push' sensation for a long time. My intuition is that the bull market has been confirmed to start. Where is the peak of this round of Bitcoin BTC rise? How should we understand 100,000 USD?
In the chart below, it can be seen that Bitcoin has gone through three stages: 'decline', 'turning point', and 'rise'. In the 'turning point' area, the price did not create a new low, stopping at 48,888.0, which can be seen as a signal of market stabilization, indicating that the selling pressure is starting to weaken, and the market is entering a relatively balanced state.
Subsequently, the price gradually increased, forming a trend of 'higher lows', which usually indicates that buyers are gradually taking the lead, and the market is expected to enter an upward cycle. In this process, the EMA200 also serves as an important support line, further confirming the formation of the upward trend.
Conclusion: From the price pattern, the upward space for Bitcoin does not necessarily have a clear specific target, for example, 100,000 USD is more of an integer and psychological barrier rather than a standard based on objective analysis.
However, by observing the second high point and multiple tests, we can more accurately judge whether the price is close to the top position. When the price presents a clear second high point (slightly lower than the previous high) and tests this level multiple times, we can preliminarily consider that the price may have reached the stage of 'peaking' (similar to the trend from March to May this year), after which it may enter consolidation or retracement. In other words, only when the market repeatedly tests a certain level at high positions and fails to break through will we start to consider that the upward momentum may be nearing its end.
When might this round of bull market peak appear? Based on historical 'boat carving to seek a sword': how long after breaking the previous high until a new high?
According to historical statistics, after breaking the previous high, a new peak is generally reached in about 10-11 months; thus, this round broke the previous high in March of this year, pushing forward 10-11 months leads to around February next year (2025), coinciding with the Chinese New Year which may welcome the highest point for Bitcoin.
How long after the Bitcoin halving until a new high?
According to historical statistics, new highs generally appear about 530 days after the Bitcoin halving; thus, based on this calculation, the highest point of this round of Bitcoin may be around October 2025.
Personally, I feel that Q4 of this year and Q1 of next year will be very good, likely producing many great opportunities. Looking forward to making money together!
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