What is the subsequent direction of Bitcoin?
In January next year, Trump is about to take office. There are rumors that he hopes Bitcoin can reach 150,000 in the early days of his presidency. This may not be without basis, as he previously suggested considering Bitcoin as an asset.
Currently, Bitcoin's momentum remains very strong, with declines mostly being quick dips that are rapidly recovered, like needles. Yesterday, Bitcoin broke the 100,000 mark once again. If it can maintain closing above 100,000 for several consecutive days, it can basically be confirmed that the next wave of the market is about to arrive.
From a trend perspective, the MA30 moving average on the daily level has effectively tested support, and the upward trend has not been broken, with not even a false breakdown occurring. The slope has just decreased, and the next few days will be a potential time node for choosing a direction.
