TechFlow news — Wang Feng, founder of LANVIN Interactive, shared his views on the Bitcoin market via X.
The details are as follows:
- Bitcoin will soon surpass the previous bull market's all-time high.
- After Bitcoin reaches between 90,000 and 100,000 USD, that might be the first real pullback point (no major correction will occur before then). After pulling back to 60,000–80,000 USD, it will consolidate and take off again, moving beyond 120,000 USD.
- The impact of the Bitcoin halving is positive. Although there is some bearish sentiment, especially short-selling pressure, this is largely offset by the strong momentum from Bitcoin spot ETFs and thus may be negligible.
- By this time next year, it may be difficult to see Bitcoin below 100,000 USD. Similarly, Ethereum below 10,000 USD might also be hard to find then.
- The current rally driven by Bitcoin spot ETFs has only just awakened the broader traditional crypto market from its winter slumber—it is far from pushing the crypto market into a phase of greed.
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