Currently, Bitcoin has successfully broken through the descending channel and has reached a new high.

The day before yesterday, I emphasized in my article that the market is about to face a turning point, and we have discussed this topic extensively in our previous articles. If you are still unfamiliar with the current market trend, you can refer to earlier articles.

At this stage, let's talk about the current market. We trace back to the early days when Bitcoin successfully broke through 73,000 and rose to 110,000, so this wave of trend has increased by 40%.

Thus, we can simply speculate about Bitcoin's future trend. If a trending market occurs, then the increase will be at least around 20%. This is just a preliminary speculation based on the following two reasons.

First, Bitcoin's volatility above 100,000 will definitely gradually decrease.

Second, after breaking through the historical high, we lose our reference point, so the initial target is set at around 130,000.

This is also a new trend expansion phase in Bitcoin's bull market.