If you woke up today and didn't see Bitcoin at $110,000 — don't panic. This is not the end of the world. It's just the cryptocurrency market. And as we know, crypto, unlike the US Congress, at least tries to go up.
Here's an interesting fact. According to analysts from CryptoQuant — people who, unlike some federal economists, at least know how to use a calculator — we are still in a long-term bull market. Yes, despite the whining of Twitter gurus and catastrophic headlines like 'Bitcoin dropped by $500 — sell everything urgently!'.
Now pay attention: to regain short-term bullish momentum, the price must close above $104,800. Wait a minute, above $104,800?! Is this a joke? Just recently, when Bitcoin was at $30K, we were told that 'crypto is dead'. And now, it turns out the market is 'sluggish' if it's not $105K?
This is not a bear market. It's just Bitcoin doing what it always does — confusing lazy investors and rewarding the patient. Unlike politicians who spend trillions without explanation, blockchain will slap your hands if you don't do your homework.
But here's what is really fun: analysts believe that this bullish cycle could be the longest in history. Just think about it! While you were waiting for the end of the world, crypto was preparing a parade. And the final fireworks could explode at $147,000. I repeat: $147,000 for one Bitcoin. That's more than the annual salary of some senators. Although they, of course, have other bonuses — lobbying, insider trading, you know.
And you know who believes in this growth? Not influencers on TikTok. But institutions. The same ones who ten years ago called Bitcoin 'a coin for drug addicts'. Now they are buying it by the truckload and hiding it in cold storage. Apparently, they know something.
