The most discussed topic these days is whether to chase the rebound of Bitcoin. There is a fear of standing at the peak if one chases, and a worry of missing out if one doesn't chase. Although it's hard to confirm if a bull market is really returning, there are solid reasons to believe that the price is heading towards 98.
From a technical perspective, Bitcoin has been oscillating in a triangular area and has now broken through the resistance line of that range, which is a clear bullish signal. According to market logic, after a breakout, the price is likely to continue rising, with 98 being the target based on this breakout pattern.
Moreover, the expectation that Hassert may take charge of the Federal Reserve has added fuel to the market. He is generally dovish, which is likely to promote interest rate cuts and release more market liquidity, while risk assets like Bitcoin typically rise during times of loose liquidity; additionally, he has close ties to the crypto industry, which may lead to clearer regulations and attract traditional capital. However, one must also be wary of the risk of over-inflated expectations, as Federal Reserve policy is not solely determined by him. If actual policies do not meet expectations, the market may correct. Additionally, the crypto market has its own cycles; the expected bull market in the second half of 2026 is related to Bitcoin halving and the lag in policy transmission, with macro policies acting merely as catalysts.
