Discussing the upcoming outlook for Bitcoin, which only represents my personal opinion. I believe that Bitcoin will rise above 100,000 in the short term, but it will not break the previous high. In the short term, it will oscillate between 98,000 and 106,000.
1. My analysis is based on the massive drop a few days ago when it fell to ten thousand points. The reason for such a significant drop, followed by a quick rebound, is that the current market sentiment is largely bullish. If the upward trend continues, many bulls are just lying around waiting to invest; this is something that is obvious even with closed eyes. Therefore, the main force will certainly not continue to push the price higher, as further increases would be too burdensome. The funding required to continue pushing up will also be substantial. Bitcoin is no longer at the 50,000-60,000 price range; the required financial power for further increases has also grown. Bitcoin has already surpassed silver, and it is now a large market, making it harder to push up. Secondly, if the upward trend continues and retail investors follow blindly, there is no technical basis for this, which does not align with the interests of the main force. Notice that there was no rapid rebound after the drop to 92,000; this indicates that very few bulls set such high stop-losses. This means that the bulls who bought at 92,000 have almost all been wiped out. Now that Bitcoin is back around 100,000, will the main force employ the same strategy? This is worth considering!
2. The main force is currently creating the illusion of continuing to push the price up, giving bulls around 98,000 a little more time to bottom fish. Bulls with small profits are certainly not satisfied and will continue to be bullish. Thus, keeping the market controlled above 100,000 perfectly aligns with their interests, because for the bulls who bottom-fished at 92,000, a drop of a few thousand points is insignificant to them. However, there are more bulls who bottom-fished around 98,000 with larger capital. Finally, another massive drop of ten thousand points, including the bulls who bottom-fished at 92,000, would maximize the interests of the main force.
For the bears, those who have managed to hold on to Bitcoin's previous high without being wiped out are certainly strong players and will continue to hold. Continuing to push the price up is also inconsequential for these bears. Therefore, bears who shorted around 98,000 have mostly exited by now. Those who haven’t exited are also largely wiped out. At this point, a drop would also maximize the interests of the main force. Therefore, Bitcoin will definitely experience another massive drop of ten thousand points in the future, currently projected at 88,000.
If you don't know how to filter strong coins, I recommend you follow me.