Bitcoin breaks through 78,000, is the bull market here or just a rebound?

In the previous two bear markets, Bitcoin took about a year from its highest to its lowest point. If we follow this pattern, then around this year’s National Day it should be Bitcoin’s lowest price.
But we should pay attention to this reality: the US ETF, institutional investors, and others have already entered Bitcoin. Bitcoin has become an increasingly mature asset, and the drawdown has been getting smaller and smaller. Maybe this time is different—maybe the time cycle will be shorter?
Another factor is that Japan will most likely raise interest rates in June. Due to the effect of earlier expectations, Bitcoin in May and June may face pressure and fall.
Therefore, this time I still lean toward a rebound. Of course, there’s no need to be overly bearish. If Bitcoin drops back to around 78,000 in May or June, I will at least use 2x leverage and allocate some Bitcoin assets. Bitcoin is a necessary allocation in a bull market because it is absolutely the asset that led the first wave of the rise.
It’s still early, and I believe there will be more opportunities to get on board with Bitcoin—don’t panic!
#以太坊Meme季卷土重来
$GT $ETH $A47