Analysis of the Bull Market Peak

1. Analysis Based on Historical Patterns

From the perspective of historical patterns, the peak of a bull market usually breaks through 5 to 7 of the 8 key indicators.

For the current bull market, based on historical patterns, it is highly likely that the peak price will approach $150,000.

This analysis of historical data provides a reference dimension for predicting the bull market peak, attempting to grasp the possible development trends of the current market by summarizing the characteristics of past bull markets.

2. Analysis of Current Market Environment

Since March, Bitcoin has entered a prolonged period of sideways consolidation, particularly evident in the $60,000 range.

During this period, both bulls and bears engaged in large-scale trading. A significant number of trades have altered the distribution of market chips, accumulating a considerable amount of chips.

It is noteworthy that many experienced investors (commonly referred to as 'old leeks') chose to liquidate their positions around the $65,000 price level, securing certain profits through this method.

This series of market behaviors and investor decisions have had a profound impact on the current market environment, serving as an important basis for analyzing market trends.

3. Future Trend Prediction Analysis

If Bitcoin can maintain a sideways consolidation around the $90,000 level, there may be a possibility for further upward movement.

According to the current market situation and related analyses, its potential target price may reach $120,000.

This prediction is derived from a comprehensive consideration of various factors, including Bitcoin's historical performance, the current market environment, and the comparative strength of bulls and bears, providing investors with a certain reference direction in their decision-making process.

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