Imminent Eruption

How will the market move next?

Current market sentiment indicates that the upward path for Bitcoin is far from over. The recent sideways consolidation is just a brief pause, and Bitcoin's price is likely to continue pushing upward to refresh records.

Historical data shows that the price fluctuations of Bitcoin have clear cycles. In past bull markets, Bitcoin has experienced multiple pullbacks of 20%-30%, followed by a strong rebound, ultimately reaching new highs.

As for altcoins, they are about to break free from the longest bear market. With the weakening of the dollar and expectations of increased liquidity, altcoins seem poised for a significant rise.

If we compare altcoins to the situation in December 2020, when altcoins fell by 30%, followed by a three-month rebound with an increase of over 400%. Recently, altcoins have dropped by 25%, and if we use historical data as a reference, this could be a precursor to explosive growth.

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