Whale "First Set Ten Big Goals": It Will Be Increasingly Difficult to See Bitcoin Below $60,000 in the Future

Odaily Planet Daily News: Whale "First Set Ten Big Goals" posted on X platform, stating that after closing short positions, they quickly re-established long positions because their medium-to-long-term view has not changed. They believe the key demarcation zone of the last bull market was around $60,000. Currently, the mainstream mining cost of Bitcoin is roughly concentrated in the $50,000 to $60,000 range; last month, Bitcoin quickly rebounded after dipping to a low of $58,000, confirming the support capacity of this area. They believe that in the absence of systemic risk or major fundamental changes, the risk-reward ratio of continuing to chase shorts at the current level is not high. After Bitcoin completes its consolidation and handover within the $58,000 to $63,000 range, and with the correction ending and price stabilizing around $66,000, the market has the conditions for further upward movement, and it cannot be ruled out that a strong bullish candle could push Bitcoin above $72,000.

They also stated that currently, the overall valuation of U.S. stocks, especially the AI-related sectors, is relatively high, which could lead to increased volatility in the future. Furthermore, the correlation between Bitcoin and U.S. stocks has significantly decreased compared to past cycles. With continuous institutional capital inflows and the ongoing strengthening of Bitcoin's asset attributes, Bitcoin is gradually forging its own independent market trend.

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