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Recently, the Crypto Assets market has experienced a pullback, sparking widespread discussion among industry insiders. Notably, the well-known analyst BitQuant has once again shared his views, attracting the market's follow.
BitQuant stated that during the current bull market cycle, the price of Bitcoin will not fall below the key support level of $100,000. He believes that regardless of how external news, Federal Reserve policies, or inflation data change, this support level will remain strong.
Furthermore, BitQuant reiterated his previous prediction, believing that Bitcoin is expected to reach a high of $145,000 within this year. In fact, he has maintained an optimistic view since last December and even expects that the peak of this bull market could touch $250,000.
BitQuant's optimistic forecast is not without basis. He pointed out that the current market does not show the excessive frenzy seen at the peaks of previous bull markets, and the pace of new investors entering the market is also slower than in previous years. These factors support his judgment.
However, not all voices in the market are in agreement with BitQuant. Some traders warn that if the Bitcoin price falls below certain key levels, it could further drop to $97,000 or lower. This serves as a reminder to investors that, despite the positive long-term outlook, short-term market volatility still exists.
Overall, BitQuant's core viewpoint is: hold on and do not let short-term fluctuations affect your judgment, as greater upward trends may still be ahead. This viewpoint has brought a certain level of confidence to the current market.
For investors, while following optimistic forecasts, it is also essential to maintain rationality and perform risk management. The high volatility of the Crypto Assets market means that opportunities and risks coexist, and making cautious decisions is always a wise choice.