In-depth analysis of BTC trend: Bull or bear, one chart tells the truth!
This BTC analysis is really brain-burning. I spent several hours studying the charts before I figured it out. However, the answer is actually clearly on the chart, and we can see it at a glance!
I boldly predict that Bitcoin will not easily fall below $80,000 this time, let alone the important level of $84,000. Why? Because once it breaks, it means the game is over. We can either usher in a new chapter of the bull market before 2025 and find a great entry point; or we have to admit defeat and watch it fall all the way to $50,000.
But in my opinion, the bull market has not yet finished the last big show. I firmly believe that before the bear market really comes, Bitcoin will have to rush again and head straight to the high ground of $120,000 to $125,000. Now, the trend is more like consolidation, and it may even form a diamond pattern, with the bottom firmly at $84,000 and the top pointing directly to $108,000. As long as we are still in this pattern, I think the market will still rise.
As for the other crypto giants, they are also still stable at the key support level, but we will analyze this matter next time. Finally, I leave everyone with a little suspense: Can Bitcoin break through the many obstacles and create new glory? Let's wait and see!
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