Will Bitcoin continue to rise?

From the market trend of the past year, Bitcoin has been on a strong bull market since October last year, and it has continued to a new high. So, when will the bull market reach its peak and when will it turn into a bear market?

In the long run, with the further expansion of Bitcoin consensus and various favorable news, the price will inevitably rise further. In my opinion, the current bull market is only halfway through, and new highs will continue to break through. The 80,000 or even 90,000 mark is also possible in this round of bull market. So what is the end? I personally think that it must fall below 50,000 at least to be considered the end of the bull market!

In the short term, Bitcoin halving is less than 20 days away, and there are many bearish people. In my opinion, don't blindly miss the opportunity at present. From the on-chain data, the big cake is still flowing out of the exchange, indicating that international big capital is not in a hurry to stop profit. From a macroeconomic perspective, the Federal Reserve has cut interest rates three times this year, and the first one may be in June. From the K-line pattern, the support is strong, and the price is close to the MA30 callback. Another thing is that the net inflow of ETFs has begun to turn positive.

Judging from the current market conditions, Bitcoin is still operating in a range of 72,000-68,000.