The crypto world is about to change! Is Bitcoin going to drop?

Family! The bull market is still on, but the bears are about to "make trouble"! Bitcoin just broke $100,000, and while it seems prosperous, there are hidden dangers; a correction could come at any moment!

Why do I say this? The reasons are very strong! First, Bitcoin's closing price has been "staying" above the 5-day moving average for 20 days; historically, the maximum is only 28 days, and we are not far from that limit now. As for the technical side, whether on the daily or weekly charts, the price has directly "flown out" of the technical channel, clearly in an overbought state, just like that surge at the end of 2020! Even more exaggerated, a bunch of altcoins have soared 3 to 5 times based on a single piece of news, which is obviously a sign of excessive speculation!

I guess, if luck is good, it can last for another week or two; if luck is bad, it could correct this week! While Bitcoin breaking $100,000 is true, it’s likely to turn around after hitting $105,000 - $110,000. Everyone, please don’t get too excited; if you need to take profits, do it quickly!

This bull market is different from the end of 2020; the monetary policy isn't as loose now, so it's difficult to see another crazy surge. As for the altcoin market, don’t rush; let’s talk after Bitcoin stabilizes above $100,000. The total market cap of altcoins is still far from historical highs, so they won’t just take off all at once.

If Bitcoin can strongly break through new highs, the bull market is basically secured. If you can't trade in segments, then just hold onto your coins; in the next six months, as long as it's not a completely junk altcoin, there’s a potential for 10 times return, just lie back and relax!