When will Bitcoin rise to $10,000 (When will Bitcoin rise and fall?)

When will Bitcoin rise to $10,000? Let’s talk about it briefly today.

After yesterday’s market crash, many people believe that Bitcoin will continue to decline, and at this time, everyone also began to think: if Bitcoin can really go up to $20,000 again, can it break through $23,000 now? Or should we wait until it reaches $21,000 to get off?

Because many investment friends have already known this road after the news came out, I will definitely give a clear price prediction in the next few months:

1. Currently, the price of Bitcoin is around $46,000, so don’t worry too much about Bitcoin rising;

2. The trend of continuous oscillation and decline since May has made the market sentiment very unstable, and it has also been fluctuating recently.

3. Although the cryptocurrency market is prosperous, it is not easy for ordinary people to seize the opportunity of this bull market. However, for those traders who have no experience, Bitcoin is a good way to make money. Even if they don’t know how to operate, they can easily earn some money. Therefore, you must control the risks no matter what.

When will Bitcoin rise and fall?

Editor’s note: This article is from Odaily Star Daily and is authorized to be reposted.

Hello everyone, I am your friend, Coin Zhang! When will Bitcoin rise and when will it fall? Now everyone knows that the price of Bitcoin is hovering around $30,000. If the price fluctuates between $11,000 and $24,000, I estimate that this rise will not succeed because the market already has its own rules. However, this process is relatively long. Many friends may still think that the market needs to collapse, right? Of course, it is not to say that such a situation will not occur in the short term, but in the long run, there is indeed such a possibility, and it will definitely change over time. Therefore, let’s take a look at the current market performance and the situation over the past year.

For example, many people asked a while ago, is the bull market coming and then pulling back? I think we should still look at a round of pull-ups and then look at various data behind:

Next, let’s compare the recent trend of Bitcoin in the past two months (as shown in the chart)

As shown in the table below:

It can be seen that Bitcoin has been in an ascending triangle in April; since mid-May, there has been a clear downward trend; when Bitcoin broke through $20,000 at the beginning of June, it began to rebound significantly (as mentioned above), but it was then suppressed and continuously tested the resistance level of $30,000; from the end of July to the end of August, Bitcoin continued to maintain the high support level, and started to oscillate downward in late September; by the end of October, it directly touched above the $40,000 mark, and then successfully rebounded quickly after multiple failed tests, finally returning to around $35,000 by the end of November.