Bitcoin price is stabilizing at $91xxx today, during this time Bitcoin is undergoing a correction, there will be sellers and buyers at this price. Bitcoin has increased by $30k since October, indicating strong growth as well as interest from investors. Stability at this $91xxx level will be a correction or a sign of strong growth as new investors see the market's heat.
During this period, Bitcoin is mainly moving sideways and gradually forming a triangle pattern. What we need to pay attention to is the macro support level; as long as the Bitcoin price remains above this level, the price of Bitcoin this year will continue to grow and can reach $95-97k. If Bitcoin drops to that support level, the next support level we need to pay attention to will be at $85k.
On the other hand, Bitcoin's sideways movement is a good sign for altcoins and tends to perform stronger. Therefore, this time is a golden period for altcoins.
For me, this halving season will be different from previous years because this year will have strong support from the new President of the United States, unlike previous years when at the end of the year there were only a few investors willing to put money into the market, causing the market to cool down relatively. But this year, with this situation, investors are still continuing to pour capital in and heat up the market, and I see a high probability that Bitcoin will reach 100k this year.
Please share your opinions on how Bitcoin's price will fluctuate from everyone's perspective so that we can have the most comprehensive views when looking at the market. Thank you all.
