Bitcoin surpasses $100,000, and this may just be the starting point.
On December 5, 2024, at 10 AM, Bitcoin officially breaks $100,000. It has risen over 4% in the past 24 hours. As Bitcoin has now surpassed $100,000, altcoins may temporarily consolidate.
Over the past year, BTC has increased more than 2 times; over the past three years, BTC has nearly increased 6 times; over the past five years, BTC has nearly increased 20 times; over the past ten years, BTC has increased 500 times, and over the past fifteen years, starting from Bitcoin Pizza Day, BTC has increased 40 million times... In sixteen years, Bitcoin has always been at a new starting point.
Over the past sixteen years, Bitcoin has been repeatedly suppressed by governments, only to be gradually accepted and even openly supported by them. It has faced skepticism from the public, only to be held by more people; in 2024, the number of users on the cryptocurrency exchange Binance alone surpassed 210 million. Each time people believe Bitcoin has reached its peak and is nearing its end, it has proven to be just a new starting point.
The narrative and significance of Bitcoin itself are continually evolving, and people's views on Bitcoin are also changing.
Today, more people believe Bitcoin is akin to gold. Bitcoin's market cap has reached $2 trillion, surpassing the market cap of silver and is one-tenth that of gold.
Every transformation of Bitcoin amazes people, rewriting their understanding of currency, value, and wealth.
Amidst the surge, remain alert for pullbacks.
As BTC breaks the significant threshold of $100,000, although most investors may be reluctant to face this issue, one must remain vigilant about potential pullback risks amidst the excitement.
In summary, the current market faces three main pullback factors:
1: The Panic and Greed Index remains high; the current public sentiment is fervent, and the Panic and Greed Index remains elevated.
2: There is a window period for the fulfillment of crypto policies: The fulfillment of Trump's policies has a window period, and the increase in uncertainty may lead institutions to profit-taking.
3: Continuously rising leverage: The current continuous rise in market leverage has objectively set the stage for significant fluctuations in the market.
The wheel of fate begins to turn.
1. BTC breaks $100,000, ETH surpasses $3,800, large-cap assets start to rise, while small-cap assets are in pullback.
2. From November to March next year, this period will have the most significant wealth effect of the entire bull market, transitioning from BTC dancing alone to the entire crypto circle dancing wildly.
3. The wheel of fate has begun to turn; seize every pullback opportunity to ensure you remain on board, do not get off the vehicle easily.
