Clearly informing everyone, the second half of the bull market is expected to rise around mid to late January, with a nearly one-sided increase lasting 1 to 2 months.
The second half of the bull market is expected to start in mid to late January 2024, during which a one-sided upward trend is anticipated, lasting for possibly 1 to 2 months. Analysts predict that the price of Bitcoin (BTC) may reach a peak of $120,000 to $150,000 during this period. This forecast aligns with current market sentiment and technical analysis, showing investors' optimistic attitude towards the future market.
Moreover, the current Fear and Greed Index is at 73, indicating that the market is in a state of greed, which often signals the continuation of a bull market. Investors are encouraged to actively participate in the market at this stage, especially looking for buying opportunities during price pullbacks.
In the current market environment, analysts also mention that although the outlook for the bull market is optimistic, investors should remain cautious, especially when facing potential market volatility. Recent market dynamics show that Bitcoin is facing pressure around $99,000, while support levels are around $95,555 and $92,723. Effectively breaking through these key price levels will be an important indicator for judging the market direction. Additionally, it is recommended that investors engage in moderate short-selling at resistance levels and set stop-loss orders to cope with possible fluctuations in the market.