Whales “setting ten major targets first” remain bullish on BTC, reiterate $58,000 as the bottom of this cycle
TechFlow reports, on October 31, whale "First Set Ten Big Goals" updated its Bitcoin market outlook and position operations on the X platform.It stated that it previously believed BTC would struggle to break below the $78,000 level, with the price indeed remaining above $79,000 until recent black swan events pushed it below that threshold. To guard against similar extreme market conditions, it had already closed approximately two-thirds of its long positions near $76,000.After observing the market over the past two days, it believes conditions have stabilized and has re-established full long positions in the $76,000 to $78,000 range. Its core thesis remains unchanged, still viewing $58,000 as the bottom for BTC in this cycle.Regarding future trends, it expects the bottom of the first phase of this bull run may form near $118,000, while the next upward target would be double the $78,000 level at approximately $150,000. It also believes BTC could reach $120,000 by year-end.
TechFlow reports, on October 31, whale "First Set Ten Big Goals" updated its Bitcoin market outlook and position operations on the X platform.
It stated that it previously believed BTC would struggle to break below the $78,000 level, with the price indeed remaining above $79,000 until recent black swan events pushed it below that threshold. To guard against similar extreme market conditions, it had already closed approximately two-thirds of its long positions near $76,000.
After observing the market over the past two days, it believes conditions have stabilized and has re-established full long positions in the $76,000 to $78,000 range. Its core thesis remains unchanged, still viewing $58,000 as the bottom for BTC in this cycle.
Regarding future trends, it expects the bottom of the first phase of this bull run may form near $118,000, while the next upward target would be double the $78,000 level at approximately $150,000. It also believes BTC could reach $120,000 by year-end.
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