In the vast starry sky of the crypto market, the ups and downs of each bull market stir the hearts of countless investors. Since January 2023, this round of the bull market has quietly started from a low of 15,700 points, with BTC witnessing a glorious rise of six times alongside investors, during which it has broken historical highs twice, stabilizing at 73,000 and 104,000 respectively. However, as the market develops, some seasoned investors begin to worry whether the bull market has quietly come to an end.
The reasons for their concerns seem sufficient: new highs have been reached, altcoins have also experienced two rounds of exuberance, the four-year halving cycle of breaking new highs seems to have been disrupted, market incremental funding is slowing down, FOMO sentiment is no longer fervent, and the enthusiasm of the crypto market seems to be waning. However, the investment market has never been a place that easily believes tears; behind every decision is a battle of real money.
In my opinion, while these concerns have their rationality, upon closer examination, they are fraught with doubts. Market fluctuations are always accompanied by various voices, and such dense advice to exit may hide some unknown secrets. Looking back at the three phases we discussed that triggered and sustained this round of the bull market, it is not difficult to find that the market has quietly added many favorable factors. From the smooth approval of the BTC spot ETF, to Trump's high-vote victory, and to the arrival of the Federal Reserve's interest rate cut cycle, each event has laid a solid foundation for further market ascent.
Currently, we are at a critical period before Trump's inauguration, where every statement and decision he makes is influencing the market. In this relatively small and emotionally-driven market, building consensus is especially important. Trump's positive attitude toward BTC undoubtedly injects new vitality into the market. Moreover, with the entry of new political figures like Old Ma and the gradual implementation of crypto regulations, it indicates that more and more countries will join this movement to jointly promote the rise in BTC's value.
From a technical perspective, the trend of BTC remains robust. After a brief adjustment at the beginning of this month, the bulls have regained their footing and are currently attempting to break through the key support line above 100,000. If successful, a new round of significant market movement may be imminent. Meanwhile, mainstream altcoins like ETH also show strong upward momentum, providing solid support for further market prosperity.
Looking back at historical patterns, although this round of the bull market has indeed broken new highs ahead of time, making it harder for newcomers to enter, the influence of BTC and the crypto market continues to spread. More and more countries are beginning to include BTC in their national reserve assets, undoubtedly injecting new momentum into market development. For ordinary people, this may not be an easy time to get on board, but for BTC and the entire crypto market, this presents an unprecedented development opportunity.
In this round of the bull market, we have witnessed the rise and transformation of countless young people. Through continuous learning and daring to try, they have reaped substantial returns in the crypto market. However, how to safeguard this wealth and overcome human weaknesses is a question that every investor needs to ponder deeply.
Let us recharge our faith once again! Looking at the bull market trend comparison chart below, it is not difficult to find that this round of the bull market is far from over. It will continue until the interest rate hike cycle ends next year, bringing us a more magnificent market situation. In this process, every investor will become the helmsman of their own destiny, collectively writing the legendary chapter of the crypto market.
Surprisingly, our great motherland occupies the second position in global BTC asset reserves. This not only affirms the wisdom and courage of our country's investors but also serves as a strong proof of the future development potential of the crypto market. Let us work hand in hand to welcome a brighter tomorrow!
Finally, I recommend everyone to check out the puppies coin, a concept coin from Musk 🐶, which is quite promising. I blindly guess it will be the next shib.
