【Will Bitcoin Reach a New High by the End of June? The Logic Behind It is Harder Than You Think】
Don't be fooled by short-term fluctuations! Although BTC has recently seen a slight pullback around 108,000, multiple signals indicate that a new round of highs is just a matter of time.
Main Driving Forces:
1️⃣ Technical Analysis: The weekly and monthly charts are still showing bullish continuation patterns. The key support level of $104,354 has been repeatedly broken and confirmed over the past five weeks, and a bullish parabolic rebound is in the making.
2️⃣ Weakening Dollar: Despite the U.S. trying to prop up the dollar, the DXY continues to decline, while major currencies like the RMB are strengthening. As a decentralized hard asset, BTC's value foundation is rising.
3️⃣ Clarification of Stablecoin Regulations + Increased Liquidity: The U.S. is accelerating the improvement of the stablecoin regulatory system, which is a tangible benefit for the release of crypto liquidity.
4️⃣ Institutional FOMO Confirmed: In the past 30 days, 21 new institutions have added BTC to their holdings, with total holdings increasing by 3.28%. The BTC inventory on centralized exchanges has dropped to a multi-year low (2.09 million), and the supply-demand imbalance is catalyzing a major market trend.
Don't panic about short-term fluctuations! Real wealth opportunities often belong to those who can maintain their beliefs in the eye of the storm. By the end of June, it is not a fantasy for Bitcoin to break its historical high.
Encouragement for the Determined:
The market always rewards those with vision; are you ready?
