Analysis: Bitcoin May Fall Below $100,000 in the Short Term, ETH/BTC Needs to Rebound to 0.03 to Drive Altcoin Market Recovery
According to analyst FilbFilb, the current price trend of Bitcoin is extremely bullish, facing a critical battle to break through $100,000 and a $2 trillion market cap. He pointed out that Bitcoin has recently surged rapidly, but shows a volatile trend above the $100,000 area, while the market cap needs to turn $2 trillion from resistance to support. FilbFilb believes that Bitcoin may fall below $100,000 in the short term, but the overall trend is favorable for the bulls.
Additionally, he mentioned that ETH/BTC needs to rise back to the key level of 0.03 to drive the recovery of the altcoin market. Looking ahead, the market generally expects Bitcoin to re-challenge the historical high of $110,000 and possibly reach a target price of $120,000 to $150,000 in June. FilbFilb concluded, "In the long run, Bitcoin's trend is incredible, and while short-term corrections may occur, the overall trend is extremely optimistic."
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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