bullish

Rally

Bitcoin

when

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Bitcoin’s bull run could slow down due to increasing volatility and the rise of alternative assets.</li> 
 <li>Large HODLer support is crucial for maintaining the momentum of the bull run.</li> 
</ul>  
<p>Bitcoin’s bull run is at a high risk of losing momentum due to the rise of alternative assets and increased volatility. </p> 
<p> The support from large HODLers is crucial for maintaining a parabolic run. </p> 
<h2 id="unprecedented-post-election-cycle">Unprecedented Post-Election Cycle</h2> 
<p>This post-election cycle is unique. In the past, investors tended to shy away when Bitcoin entered a high-risk phase. However, this time, within a week of the election results, BTC has already posted three all-time highs, reaching $81K. </p> 
<p>The current Bitcoin bull run signifies a shift within the financial landscape, advocating for digital assets as a hedge against inflation and centralized control. </p> 
<h2 id="conditions-for-continued-rally">Conditions for Continued Rally</h2> 
<p>Despite the bullish momentum, several key conditions must align to maintain the rally. Failure to meet these conditions could result in a bearish pullback, potentially erasing the gains made so far. </p> 
<p>Recently, Bitcoin’s market share slipped to 58.5%, while Ethereum’s dominance rose by 3%. This trend suggests that altcoins are gaining traction, diverting attention from BTC. This shift usually happens when traders perceive Bitcoin has reached a market top, turning to altcoins as a more affordable alternative. </p> 
<p>In every Bitcoin bull run, the initial momentum is fueled by Bitcoin itself. As the cycle nears its end, a significant capital influx is typically redirected into altcoins. </p> 
<p>To keep BTC unchallenged above $80K, large HODLers need to perceive the current price as an attractive entry point. If they do, it will be difficult for bears to push for a correction. </p> 
<p>The current market is experiencing strong bullish sentiment, expected to keep BTC within the $79K-$81K range. However, to reach $100K, it will be crucial for the aforementioned conditions to align. Otherwise, a pullback could be closer than expected, with bears regaining dominance across various metrics. </p>

Could Bitcoin’s surge be over after peaking at $81K?

Table of Contents

CoinEagle.com

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