Bitcoin, the raging bull market may have already begun or is about to begin.
Great bulls always start unknowingly and grow in hesitation! After each halving, Bitcoin experiences an adjustment period of about 6 months. In 2016, it took 170 days to break the previous high after the halving. In 2020, it took 197 days after the halving to break the previous high and initiate a bull market. As of now, 170 days have passed since this halving in 2024. Short-term bullish signs: if Bitcoin breaks through $70,000 and stabilizes, it may announce the official start of a new round of market activity. Currently, market sentiment is improving, with prices stabilizing at $62,000 and signs of upward movement, but seasoned investors unanimously believe that a true bull market only begins after breaking $73,000.
Bitcoin has been falling for four consecutive days now, and the decline is not too large. The total drop in the four days is about 10%.
Everyone in the market has been looking for opportunities to increase their positions. In addition, the A-share market was quite crazy before the holiday, so some people began to worry about whether to increase their positions in A-shares or in Bitcoin. Is Bitcoin the last chance to get on board now, or is A-shares the last chance?
If we look a little further ahead, we can clearly see that the sentiment of A-shares has changed significantly, but the fundamentals have not changed. The fundamentals of Bitcoin have also not changed. One is the bad part that has not changed, and the other is the good part that has not changed.
I can't sleep tonight, witness the miracle! Bitcoin is soaring, the bull market is coming, and 100,000 US dollars is just around the corner!
Last month, when Bitcoin was over 70,000 US dollars, people said that the bull market was coming, but there were still disagreements and doubts. Now it is over 90,000 US dollars, and there is no doubt that the bull market is here. I have said it hundreds of times in the past six months. The cycle is still valid. The BTC position must be fully filled before the end of October. Time is more important than price. I won’t say too much to get you all on board, so you can look through my previous articles. I’ll just pick a few at random. 1. (Why do people say that those who sell coins now are all leeks?)
2. (Approaching a record high! The crazy bull market in this cycle is completely clear, and now it is time to pay for the recognition)
10,000 Points Up in 2 Days, Crazy Bitcoin, Can We Still Chase It?!
Recently, BTC surged by 10,000 points in just two days on November 11 and 12, from 70,000 to 89,940. Nearly 20,000 points took just a week, while such an increase last year might have taken several months.
Despite the rise from 70,000 to 90,000, about a 30% increase, most brothers still did not make money, either being out of the market, holding a light position, or not having BTC but holding altcoins. The current price of Bitcoin has reached around 90,000, and whether to enter the market has become the biggest question at hand. If BTC rises to 100,000, 120,000, or 150,000 without getting on board, wouldn't that mean completely missing out on this bull run?
A surge of 118% in one month, a carnival for Musk and his dogs
Trump won the election and Musk became the biggest beneficiary. The Dogecoin he supported rose by 118% in a month, blinding the entire MEME circle. Everyone in the currency circle knows that it is better to play with new things rather than old things. This is the only old altcoin that survived and is doing well.
The coin that has benefited Musk the most in the cryptocurrency circle, besides Bitcoin, is Dogecoin. The cryptocurrency world is so magical. A person who mocks Bitcoin directly copies the Bitcoin code and makes some changes to it. There are even many BTC letters in the code that are not changed and the currency is issued. It is such an experimental coin, which was issued out of thin air to see if it would return to zero and disappear. However, after going through the test of time, it finally spawned a bunch of puppies under the support of Musk, and became the leader of MEME, with a market value of up to 28 billion US dollars, ranking eighth among more than 30,000 cryptocurrencies.
It's broken 80,000 now. If you haven't made money yet, click on my profile picture to get the secret.
Walking with ink, spreading the word of web3, I am Xi Mo, a guide dedicated to bringing you into the web3 industry, turning your main job into a side hustle, turning your side hustle into unemployment (financial freedom), and after achieving financial freedom, increasing asset value is my persistent and all-out pursuit.
A year ago, we created a web3 private coaching wealth reader for paying students, named Xi Mo's Crypto Perspectives, which contains over 1,000 pages recording 320,000 words of crypto wealth collection. Now I am giving it away for free.
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After the major bull market in 2021, after nearly three years, Bitcoin has once again broken its historical high, proving the cyclical theory of the crypto industry still holds. This month, breaking the previous high was unexpected for most newcomers, but for seasoned investors, it is not surprising at all; breaking through $70,000, $80,000, and $100,000 is inevitable. You might say that any market with patterns will be broken, yes, I agree, but perhaps being broken is the next cycle, the cycle after that. However, it can be confirmed that this bull market has shown that the cyclical theory remains valid; nowadays, people wake up every morning to price increases, with prices hitting new highs nightly, reaching $77,000.
The Rise of a Cryptocurrency Underdog! The Influential Figure AHR999 Achieving Financial Freedom Through Bitcoin!
In the world of cryptocurrencies, some individuals stand out in the wave of Bitcoin due to their unique vision and persistent dedication. V God is a household name, but there is another figure who has had a profound impact on millions of small retail investors. He is AHR999, known as 'Jiu Shen', Jiu Shen was originally named AHR999. Because his forum ID was recognized by the system as 'AHR999' and his profound understanding of Bitcoin, everyone began to refer to him as 'Jiu Shen'. His investment philosophy and strategy have earned him widespread influence in the cryptocurrency circle.
A surge of nearly 20% in 2 days! Is Ethereum about to take off?
I think I have written at least two articles about Ethereum and SOL. Many people think that Ethereum is not doing well, mainly when compared with BTC and SOL. To be honest, there is no need to compare it with BTC, they are totally on the same track. Jiushen said in "Hoarding Bitcoin" that for applications like Ethereum, you propose a 2.0 today, and he will come up with a 3.0 tomorrow, and someone will definitely come up with a 4.0 the day after tomorrow, so don't worry. The original proposal for 2.0 applications was BTS. Where is it now? Applications must be fast, large, and fun. Such demands place endless demands on technology.
Bitcoin breaks all-time high, this day is destined to go down in history
Yesterday morning, many students sent me messages, all of which were good news. Some said that it had reached a new high and they felt great to have a full position. Some said that their private teaching fees had been recovered several times. They sent me big smiling faces all over the screen, and I quickly took out my phone to take a look. Indeed, it had broken through the previous high of 73777 and even surged to 75,200 US dollars. When I wrote the article the night before yesterday, the price was still 68,000 US dollars. When I posted the article at 6:28 yesterday morning, it reached 69,000 US dollars. Even if you finished reading yesterday's article at this time and took action immediately, you would still have a profit of nearly 10%. The price of the coin took off at about 8:05, which was about half an hour after I posted the article.
The Great Battle, Concerning Cryptocurrency Prices!
With the election still undecided and cryptocurrency prices fluctuating, this scene resembles the A-shares at the end of September. Once the direction is determined, a large influx of FOMO capital will enter, and the ChiNext Index and Sci-Tech Innovation Board Index, which usually fluctuate around 3%, directly surged 18% or even 20% to a limit up. This is an index; it's truly something to behold. If Trump is elected smoothly, a 10% rise in Bitcoin in one day would not be surprising, shooting directly to around 76,000. What will you do then? To get on board or not? If you don't, the price may never turn back. If you do, it might be a bit awkward since just the day before, the price was still below 70,000.
Bitcoin plunges nearly 10%, a buying opportunity as the bull market reverses, often looks terrifying.
Recently, there has been an overwhelming amount of negative news; Bitcoin has dropped from $73,620 on October 30 to a low of $66,835 today, plummeting nearly 10% in four days. What exactly is falling from the sky—flying knives or pies? Should we accept this price or not? How should we respond?
Let's first look at the news.
1. Bitcoin is expected to fluctuate "up and down" by at least 10% based on the results of the U.S. election.
Anonymous trader DaanCryptoTrades posted on X that Bitcoin's price could fluctuate by at least 10%, depending on which U.S. presidential candidate wins the election on November 5. IGarkets analyst Tony Sycamore wrote in his investment report on November 4 that Bitcoin needs to "sustainably break" the resistance level of $74,000 to confirm an upward trend and may surge to $80,000.
Bitcoin, when should you hold a heavy position, and when should you hold a light position?
The two most important elements in trading and investing are the asset and the position. Even if you select a hundredfold coin, if the position is very light, 1,000 yuan, even if it rises 100 times, it would only be 100,000 yuan, which still won't change much for you. Bitcoin has risen 90 million times in 14 years, but if you have zero position, even if you knew early, it is still a waste now. Someone proposed a strategy for catching hundredfold coins, which is to choose your top 100 favorites, buying 100 yuan each, totaling 10,000 yuan, and leave it untouched for two cycles to see. If one of these hundred is a hundredfold coin, you break even; if there are two, then you double your profit.
The Bitcoin bull market is coming. Who will miss out, who will be afraid, who will be greedy, and who will chase high prices?
The price has been fluctuating up and down over 70,000 again, wearing out the patience and confidence of all investors. Is eight months really enough? Once a new high is broken, like Musk's Starship starts ignition, the next moment will be the moment of soaring into the sky. If you are not in the car, you can only sit in front of the screen and watch.
In every bull market, there are a large number of people who miss out, and a large number of people who are greedy and chase high prices, all thinking that they can grasp it. But what you think is just what you think.
If most people can grasp the situation, who will the dog dealers make money from? The capital market does not produce wealth, it only redistributes wealth.
A violent volatility is about to arrive! Is Bitcoin going to correct below 60,000?
Recently, various communities in the circle have been quite active, with a common opinion being that Bitcoin is about to experience a significant correction, with some even directly stating it might crash below 60,000. The reason is that the results of the election on November 5 are out. The current rise belongs to the early realization of expectations, similar to Bitcoin's halving; the day of expectation realization is also the day of bad news.
Indeed, logically it seems correct, and there are some truths. Upon careful consideration, many people often focus only on external news and information, neglecting the intrinsic nature of the asset itself.
No matter who is elected, even if it is determined to be bad news, that is only temporary FUD. If you are doing intraday trading, you may need to pay attention, but for us who hold long-term, there is no need to overly focus on news events happening in the market.
First Exposure! Those who make big money in Bitcoin all use this strategy
Those who make big money in Bitcoin are all those who wait, see the opportunity, and seize it in one go. In the world of Bitcoin and cryptocurrencies, those who make big money seem to share a common trait: they are patient people who wait for opportunities.
They are not like those who are eager for quick success, blindly chasing every market fluctuation, but instead calmly observe, patiently wait, until their own opportunity arises.
I have a classmate, this person has very dark skin, and we all call him Blackie. He is an ordinary programmer, and he first heard about Bitcoin from me back in 2017, but he never really got involved.
Approaching a record high! The crazy bull market in this cycle is completely clear, and now it is time to pay for cognition.
After Bitcoin broke 70,000, it kept moving towards the historical high of 73,777. Once it passes the historical high, it is equivalent to the bull completely leaving the bull pen. Everyone is waiting for the dust to settle on the November 5 election, and then the dog dealer will do the opposite. This round of bull market is very difficult, and few people will make money. We are currently at a crossroads for paying for cognition, and there are three reasons for this.
First, from a macro-cyclical perspective, the market is about to enter a turning point
From a cyclical perspective, everyone basically agrees that the fourth quarter, which is now, is the time when the bull market starts. In the early stage of the bull market, looking back at history, Bitcoin rose first, then Ethereum rose, and then rotated to the altcoins.
560 million crypto enthusiasts, sleepless tonight! Bitcoin breaks 70,000 USD again, soaring, and celebrating; this is a party for the successful.
As of today, Bitcoin has reached 70,000 USD again, just as agreed; I am not surprised at all.
Once, I looked at the screen and saw the price had dropped a zero compared to now. Bitcoin was 7,000 USD, and I asked myself, is this worth 50,000 RMB?
I believe many people are also looking at the screen asking themselves the same question: is this worth 500,000 RMB?
I couldn't understand it at all. Following the principle of not buying what I don't understand, just like that, the 7,000 USD Bitcoin slipped past me.
Once, I had 410 ETH and sold it for 500,000. At that time, I was very happy, but now the price is dozens of times higher, and I can't buy it back. Once I made money, I withdrew it and exchanged it for RMB, and after a while, I would put it back into the crypto circle. It was easy to transfer in and out back then; I could do it freely without being blocked or frozen.
Let’s first look at the performance of ETH against BTC in recent months.
May 26th Bitcoin: $67,000, ETH: $3,800
July 30th Bitcoin: $67,000, ETH: $3,200
September 28th Bitcoin: $67,000, ETH: $2,600
October 27th: Bitcoin: $67,000, ETH: $2,500
If you say the above time is too short, only 5 months, well, let’s take a look at the ETH/BTC K-line in the past two years. The figure below shows that the exchange rate of ETH to BTC began to fall in September 2022, and has continued for two years to date, with no sign of stopping the decline.