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End-of-year Bitcoin market outlook: Bullish logic under capital rotation
In the last two months of this year, the Bitcoin market is expected to remain unfinished. Historical data shows that after gold peaks and adjusts in October, funds often rotate to the Bitcoin market. From a structural trend analysis, while it is difficult to make an accurate forecast for Bitcoin, the possibility of a direct surge to 300,000 USD is relatively low; a more reasonable target range may be between 150,000 and 200,000 USD.
Observing the monthly candlestick chart, the price movements of Bitcoin and gold are highly correlated. The current pullback in gold is indicating that a new upward cycle for Bitcoin may soon begin.
#ETH链上活动升温