Soaring to new heights, breaking through $71,000!
It's already very close to a breakthrough! Are you ready to welcome a brand new all-time high?
I can't rule out the possibility of a pullback, but! The fastest scenario is to see it on the evening of the 30th!!!
And the question that friends are concerned about: Only BTC is pulling, and altcoins are not moving.
Answer:
Only when BTC breaks through first can it gradually drive the overall market to rise, and the altcoin market to open up! Market confidence and sentiment need to be gradually built up from the fluctuations and adjustments of the past 7 months. When BTC truly breaks through and accelerates, it will attract and draw more external capital to participate. This will push the overall market trend forward!
At that time, even pigs can fly. Why worry that the altcoin season won't come?
After a full 4 months, Bitcoin has broken through $70,000 again
This also reaffirms the saying: There is only one BTC.
This breakthrough is very critical for the entire crypto market, as it is related to the progress of the bull market.
Bitcoin has always been the big brother, and only when it breaks through the encirclement can the altcoins have a chance to see the light of day.
The crypto market is a fast-paced industry, and as long as the market is rising, it can solve all the worries of retail investors.
No matter how many pits were stepped on in the past, and how much was lost, as long as you firmly grasp the subsequent market trend, everything will be fine.
So, the real showdown has begun.
Now, there is no point in discussing whether there will be a big bull market or when it will come.
The market has already given a clear signal, coupled with the blind buying of ETFs, the approaching end of the US election, and the successful implementation of interest rate cuts.
These objective factors that determine the overall trend have been gradually finalized, and Bitcoin's price has also started to rise steadily. If you still can't see it clearly, it's not a problem of bad luck, but a problem of your own cognition.
The bull market has arrived! Sit tight and get ready, it's about to take off?
The 50bps rate cut on September 18th has arrived as scheduled, and it is expected that there will be another 50bps rate cut by the end of 2024. Macroeconomically, the US dollar's cost of capital has been reduced, the EMA 20-day and weekly lines have both broken through, the price has already broken away from the mining cost price area, and the sentiment index has also recovered to a normal level of 72, indicating that the overall market is in the late stage of the bull market. In addition, indicators such as the index, bull market index, unrealized profit and loss ratio, and NUPL show that the final sprint of the bull market is about to begin!
BTC/ETH Spot ETF: The US spot ETF has been approved as scheduled, which is like opening a faucet, constantly pouring water into the crypto market, and BTC's price has also risen with the tide. An important investment mindset: Endgame thinking. The endgame of this BTC bull cycle will eventually reach $100,000, and the endgame of ETH will reach $10,000. Be friends with time, and time is on the side of the HOLDers!
Overlapping positive factors: The biggest positive factor in this halving cycle is the launch of the spot ETF, which not only has a nominal impact, but will also actually bring in capital from the US stock market, coupled with the Fed's interest rate cuts and BTC's halving, the biggest gains of this bull market should be in 2024, with a focus on the profit-taking time points in February and June 2025!
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