Will Bitcoin's future trend repeat that of 2020? 📈

In the past few weeks, Bitcoin's price trend has attracted widespread attention in the market. Many analysts point out that the current market performance is similar to that of 2020, especially the increase starting in October, leading up to the doubling rally on November 25. As Black Friday approaches, market sentiment is also changing, with investors beginning to focus on potential pullbacks.

First, the current Bitcoin trend bears a striking resemblance to that of 2020. Veteran investors point out that in 2020 Bitcoin rose from $10,000 to $20,000, while the current target is to rise from $50,000 to $100,000. This optimistic expectation has drawn a lot of investor attention, particularly in a bullish market environment.

Second, the arrival of Black Friday typically leads to market pullbacks. Many retail investors withdraw funds for spending during this shopping season; although the actual amount withdrawn may not be large, market expectations lead more people to choose to sell at high points, thereby exacerbating the pullback effect. Historical data shows that during the last Black Friday, Bitcoin pulled back by 16%. This time, the pullback may be smaller, but the $87,500 support level remains noteworthy.

Third, ETH's performance is also noteworthy. Despite Bitcoin experiencing a sharp decline, ETH has maintained relative stability, demonstrating strong market resilience. With Bitcoin warming up, ETH is expected to welcome new upward opportunities. Recently, ETH has performed well in short-term operations above $3,350, and investors can continue to position themselves during pullbacks.

Finally, smaller coins like SOL are also showing potential during market adjustments. With the cryptocurrency market consolidating in early December, a new upward cycle is anticipated. Veteran investors suggest that investors position themselves at lower levels, waiting for the market rebound.

Overall, Bitcoin's trend is similar to that of 2020, with high market sentiment, but the arrival of Black Friday may lead to short-term pullbacks. Investors should closely monitor support levels and position themselves at the right time. As the market changes, ETH and other smaller coins may also welcome new opportunities.

How much of a pullback do you think Bitcoin will experience after Black Friday? Does ETH's strong performance indicate that it will become the next market leader?