I think around 100,000 is likely to be the low point for this year. It's too early to call a bear market. There may be a rally by the end of the year, with the focus likely on #altcoins and #MEMEcoins.
Bitcoin itself has limited room for growth and is likely to remain in a period of consolidation. Therefore, judging a bear market requires more than just looking at the candlestick charts; other factors must be considered:
1️⃣ This year has already seen a plunge and liquidation worse than the one on September 15th.
2️⃣ None of the 30 market exit indicators have triggered yet.
3️⃣ The Federal Reserve is still cutting interest rates, and overall capital inflows are continuing.
4️⃣ Market sentiment is generally bearish, and pessimistic.
5️⃣ Ethereum's Fusaka upgrade is likely to launch at the end of the year, another milestone.
Based on my previous experience, when negative news is released in a concentrated manner, the probability of a subsequent crash decreases, and prices are less likely to fall sharply. With some positive expectations for the end of the year, stabilizing around 100,000 is entirely reasonable. #USTreasury's Bitcoin Strategic Reserve Surges
It is recommended to prepare funds in advance to seize the year-end opportunities! 💪
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