Founder of Blueport Interactive: Bitcoin may only experience its first real pullback when it reaches 90,000 to 100,000
Founder of Blue Harbour Interactive, Wang Feng, shared his views on the Bitcoin market in X.
Specifically:
Bitcoin quickly broke through the previous high of the last bull market.
After Bitcoin reaches 90,000-100,000, it may be the first real pullback point (there will not be a major pullback at present), then it will pull back to 60,000-80,000 before gathering strength and taking off again to surpass 120,000.
The halving of Bitcoin is positive. There are definitely short-selling sentiments. The strong rise of ETF Bitcoin at present may offset this and may be negligible.
By this time next year, it might be difficult to see Bitcoin below 100,000. Similarly, it might also be difficult to see Ethereum below 10,000 by then.
The recent surge stimulated by spot ETFs for Bitcoin has just awakened the traditional overall cryptocurrency market from the cold winter of the market but has not yet pushed the cryptocurrency market into a greedy stage.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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