Recently, the hype around altcoins has been quite high, and many people are paying attention to whether they can get a share. Today, let's talk about the future trend of Bitcoin—will it continue to rebound or will it reverse?
Looking at Bitcoin's market performance, it has already sent out several signals. First, regarding the rebound pace, the time taken to rise from the bottom to break through the high point on December 10th is indeed relatively long. Usually, a quick breakthrough of the previous high indicates strong upward momentum; but if it takes too much time to break through, it may suggest significant resistance above and that the bulls' pushing force is weakening.
This detail is very critical. In trading, we often say "time cost"; the longer the rebound takes, the more we should be alert to a possible trend reversal. Of course, this alone doesn't fully explain the situation; it must be combined with other factors like trading volume, support levels, and so on. Whether the market will continue to oscillate higher or undergo a correction depends mainly on whether it can effectively hold its current position and the specific performance in the coming days.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Recently, the hype around altcoins has been quite high, and many people are paying attention to whether they can get a share. Today, let's talk about the future trend of Bitcoin—will it continue to rebound or will it reverse?
Looking at Bitcoin's market performance, it has already sent out several signals. First, regarding the rebound pace, the time taken to rise from the bottom to break through the high point on December 10th is indeed relatively long. Usually, a quick breakthrough of the previous high indicates strong upward momentum; but if it takes too much time to break through, it may suggest significant resistance above and that the bulls' pushing force is weakening.
This detail is very critical. In trading, we often say "time cost"; the longer the rebound takes, the more we should be alert to a possible trend reversal. Of course, this alone doesn't fully explain the situation; it must be combined with other factors like trading volume, support levels, and so on. Whether the market will continue to oscillate higher or undergo a correction depends mainly on whether it can effectively hold its current position and the specific performance in the coming days.