Bitcoin Whale Sees Strong Rebound Ahead, Predicts Potential Return to $100,000
A prominent Bitcoin whale, known as '先定 10 个大目标' (which translates to 'Setting 10 Big Goals'), has shared its market outlook and trading strategy. The whale believes that the current price range of $58,000 to $63,000 is a key support area for Bitcoin, and that the asset has been consolidating in this range for several weeks.
In their analysis, the whale points out that the previous bull run's important dividing line was around $60,000, which coincides with the current mining costs concentrated between $50,000 and $60,000. The whale notes that Bitcoin recovered quickly from its dip to $58,000 last month, further validating this region's support capacity.
Given the absence of systemic risks or significant fundamental changes, the whale believes that the risk-reward ratio is no longer favorable for shorting Bitcoin at current levels. Instead, they predict that the market may experience a strong rebound and break through $72,000. If the market structure remains unchanged, there's a high probability that Bitcoin will retest its previous all-time high of $100,000 by March next year.
The whale also notes that the correlation between Bitcoin and US stocks, particularly those in the AI sector, has decreased significantly over the past few cycles. As such, they believe that Bitcoin is gradually decoupling from traditional assets and developing an independent market trend.