The current state of Bitcoin
Let's sort out the current state of Bitcoin.
It is currently overheated, and Bitcoin has been picked up on TV, and people who don't know Bitcoin until now have entered the stage where they are investigating Bitcoin.
This state is commonly referred to as friend radar, and it is also a sign of sales.
However, it is also true that a full-scale upward market has just begun.
![The current state of Bitcoin](https://sgsnsimg.moomoo.com/sns_client_feed/181241311/20240303/22274eee3a824c9ba045ea99467bad73.jpg/big?area=105&is_public=true)
This is an index that measures the feeling of overheating from the total market value of the on-chain data analysis site CryptoQuant. If this exceeds 4, vigilance increases quite a bit.
Currently, it's still quite far from 1.8. Various other indicators also indicate a sense of overheating, but I think it is still in a state where the sense of overheating will increase in the future.
In conclusion, I think Bitcoin will continue to rise throughout the year. But I think adjustments will definitely come. I think the immediate future will come in April. If the crash range is 70,000 dollars, I think it will fall to 40,000 dollars.
We have seen an increase so far this month. If FOMC is a pigeon faction, I think it will definitely rise.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
exera : This year$Bitcoin (BTC.CC)$ I thought it was a rising year and bought it around this time![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
おやじ米国レバ投資家 : Take advantage of the rise and hold a small amount of mining stocks. Furthermore, I will be buying more.![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
yamacyan : Since it became an ETF, I purchased 5% of the total investment capital when it was cheap a while ago.
I plan to keep it going for maybe 10 years
rabi6636 : If it's Bitcoin up until now, the half-life will almost certainly come in April, so I think this is as expected.
However, since there is a huge flow of funds from ETFs this time, I don't think there will probably be such a big adjustment.
徒然草子 : If I change my starting salary to BTC and leave it alone for 40 years, I think the 20 million yen old age problem will be solved (laughs)