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Is Bitcoin rebounding or is a new bull market beginning?
After scrolling through Twitter for 4 hours, my impressions are as follows:
Most Chinese influencers and retail investors are bearish, expecting prices between $30k and $50k.
Based on the 4-year halving cycle, on-chain data indicators, and technical candlestick analysis, interest rate cuts are delayed.
Most foreign institutions and English-speaking influencers are bullish, expecting a new Bitcoin bull market, with prices reaching $130,000 to $200k.
Based on easing tensions in the US-Iran war, changes in Bitcoin's underlying logic, continued institutional entry, supply less than demand, clear legislation passing, and rotation in the US stock market.
So comrades, who should we believe?