In the cryptocurrency space, there is a notable four-year halving pattern for Bitcoin. The next halving is expected to occur in April 2025, by which time the mining cost is likely to double. Currently, the cost for miners to mine one Bitcoin is close to US$40,000. After the halving, this cost is expected to soar to US$80,000. As a result, miners will certainly not easily sell at low prices, but wait for prices to rise to obtain higher profits.

At the same time, financial giants such as BlackRock have spent more than a billion dollars on Bitcoin, increasing their holdings by more than 30,000 coins in March alone. The investment strategy of these large institutions is obviously not aimed at short-term speculation, but rather regards Bitcoin as digital gold to resist inflation. As institutions continue to buy in large quantities, it has become much more difficult for retail investors in the market to dump the market, thus driving the price of Bitcoin to continue to rise.

Bitcoin had previously encountered resistance at $85,000, but this time it broke through and successfully reached a high of $88,000. Seeing this, technical analysts quickly increased their positions to chase the rise, and the market heat was instantly ignited. Data shows that the 24-hour trading volume increased by 30%, which clearly shows that both large funds and retail investors are actively entering the market, and the market situation is snowballing.

However, behind this seemingly prosperous situation, there are actually hidden risks. I personally think that investors need to remain cautious. 88,000 US dollars is undoubtedly a key psychological barrier, and the price is likely to fall back in the short term. Therefore, a more stable strategy is to wait for the price to fall back to 85,000 US dollars before buying in batches.

Before and after the halving in April, the price of Bitcoin is expected to fluctuate greatly. Investors should hold on to their spot stocks to avoid being washed out by market fluctuations. The next important level is $90,000. When the price rises to this level, you can consider taking half of the profit and locking in part of the profit. The remaining position can continue to be held to try to hit $100,000.

However, we must be vigilant that regulatory policies are always the sword of Damocles hanging over Bitcoin. Once the U.S. Securities and Exchange Commission (SEC) suddenly strengthens its supervision, the price of Bitcoin is likely to plummet by 15% in one day. In addition, once companies like MicroStrategy, which hold a large number of Bitcoins, choose to sell them, retail investors' ability to take over will not be able to compete with them, which will inevitably cause violent turbulence in the market. Moreover, black swan events such as theft of exchanges may also cause the price of Bitcoin to collapse instantly at any time.

The rise of Bitcoin to $88,000 this time is mainly due to multiple factors such as the halving expectation, large-scale institutional buying, favorable policies, technological breakthroughs, and a loose global monetary environment. However, behind this skyrocketing market, there are actually huge risks.

In addition, in the primary market, Dogecoin Conan is emerging. Its unique market positioning and development potential have been widely favored by the market, and it is expected to become another dark horse in the field of cryptocurrency.

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