**Soaring to New Heights, Breaking $71,000!
**
We are very close to a breakthrough! Are you ready to welcome a brand new historical high?
I cannot rule out the possibility of a spike, but! The earliest scenario is to see it on the evening of the 30th!!!
And the question that friends are concerned about: Only Bitcoin is moving, altcoins are stagnant.
Answer:
Only when BTC breaks through and gains momentum can it slowly drive the overall market up and initiate the altcoin season! Market confidence and sentiment need to be gradually built from the past 7 months of consolidation. When Bitcoin truly breaks through and accelerates, it will attract more external funds to participate, thereby boosting the overall market development!
At that time, even pigs can fly. Why worry about the altcoin season not coming?
After a full 4 months, Bitcoin has once again broken through $70,000.
This also reaffirms the saying: There is only one Bitcoin.
This breakthrough is crucial for the entire cryptocurrency space, as it relates to the progress of a bull market.
Bitcoin has always been the leader; only when it breaks through can altcoins see the light of day again.
The cryptocurrency market is a fast-paced industry; as long as the market rises, it can alleviate all the anxieties of retail investors.
No matter how many pitfalls have been encountered or how much has been lost, as long as one firmly grasps the subsequent market trends, everything will get better.
So, the real showdown has begun.
At this point, discussing whether there will be a bull market or when it will come is no longer meaningful.
The market has already provided clear information, coupled with the ETF mindlessly buying in, the U.S. elections nearing their end, and interest rate cuts successfully implemented.
These objective factors that determine the trend have gradually settled, and Bitcoin's price has started to rise continuously. If you still can't see it clearly, it's not a matter of bad luck, but rather a matter of personal understanding.
The bull market is evident! Buckle up, we are about to take off?
On September 18, the expected 50bps interest rate cut arrived, with another 50bps cut expected by the end of 2024. Macroeconomically, the dollar's cost of capital is decreasing, and both the 20-day EMA and weekly lines have broken through, with prices moving away from the mining cost. Sentiment is also recovering to a normal index of 72, placing the overall market in the later stages of a bull market. Additionally, indicators such as the index, bull market index, unrealized profit and loss ratio, and NUPL suggest that the final sprint of the bull market is about to arrive!
BTC/ETH Spot ETF: The U.S. spot ETF has been approved as expected, which is equivalent to opening a faucet, continuously pouring water into the cryptocurrency pool 24/7, and BTC's price is rising with the tide. An important investment mindset: endgame thinking. The endgame for this round of Bitcoin's bull market will eventually reach $100,000, and ETH's endgame will reach $10,000. Make friends with time; time is on the side of holders!
Favorable overlaps: The biggest benefit of this halving cycle is not just nominal but will also genuinely bring funds from the U.S. stock market, combined with the Federal Reserve's interest rate cuts and Bitcoin's halving. The largest price increase in this bull market should occur in 2024, with a focus on the profit-taking points in February and June 2025!
This article is time-sensitive and for reference only; it will be updated in real-time.
Focusing on K-line technical research, sharing global investment opportunities. Public account: Crypto悟饭
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