Grayscale selling pressure cannot change the market trend, and Bitcoin is bound to break through 70,000 US dollars before the halving! BlackRock and other Wall Street institutions have bucked the trend and hoarded a large amount of Bitcoin. BlackRock is about to hold 20,000 Bitcoins in just a few days. This is undoubtedly a strong vote of confidence in its future value. Institutions such as Wall Street are equally ambitious and are expected to hoard up to 2 million Bitcoins in 2024. This series of developments has undoubtedly brought strong confidence to the market.When we talk about technical analysis of Bitcoin, we can’t just limit ourselves to short-term pullbacks. In the past few months, through in-depth research on various factors such as money printing data from central banks, ETF application progress, political marginalization, the impact of the fourth industrial revolution, and U.S. stock trends, I asserted that Bitcoin The current value should be between 46,000 and 47,000 US dollars, and it will usher in a sharp rise in the late autumn. Now it seems that the judgment at that time was accurate.In fact, there is a more profound trend hidden behind this. The central banks of various countries have been frantically printing and speculating in the past three years. It is no exaggeration to say that they have printed another world's wealth. The liquidity released is huge. This is a number that can change the world. However, these funds need an outlet, a carrier that can carry their huge power. Bitcoin is one of the good choices, which is suitable for value storage and circulation. It is not only a digital currency, but also a new financial ecology and future trend.For thousands of years, human society has experienced many financial crises, but wealth has never disappeared, but has only been redistributed. The emergence of Bitcoin is precisely to solve the problem of wealth circulation, and it represents a new direction for future finance.To sum up, I firmly believe that the U.S. stock market will correct, and Bitcoin will become the next foothold of world funds and will break through the previous high before the halving, breaking through the $70,000 mark in the next three months. This prediction is not a fantasy, but is based on insights into historical trends, a deep understanding of financial markets, and unique insights into future trends.
