#BTC Recently, the hotly discussed copycats are either experiencing sharp pullbacks or falling so hard they can't recover. Meanwhile, funds from these copycats are fleeing into Bitcoin. This was mentioned last week; when the truth about the artificial "copycat season" is exposed, it's also the time when these copycats fall into silence. The already difficult copycat projects will only become more difficult. Although there was some market manipulation at the start, it was not very obvious, but recently more and more are engaging in market control, and the heat is increasing. Inevitably, there will be a blow-up, like RAVE. I said it was too extraordinary—just a hundredfold in only a week, which is ridiculously fast. It has no background and no technical breakthroughs, yet it can break a hundred times in a week. Such extreme market control is too blatant, and it's not surprising that something goes wrong.



So, what impact does the flow of funds from copycats into Bitcoin have? Currently, Bitcoin is at a critical watershed. As long as it breaks the high again, it can surpass the 80k mark. The 80k level is the last psychological defense line for KONG. Once it breaks, market sentiment will surge, and KONG won't be stubborn. It will either be liquidated or forced to exit, further pushing the price higher. Currently, it has been holding around 78,000, gathering strength and absorbing funds, waiting for the right moment to break through the 80k barrier in one go. So, the possibility of breaking 80,000 is quite high. #加密市场行情震荡
ETH-1,23%
BTC-0,94%
View Original
post-image
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.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin