ELONETHELON प्राइस

On August 25, the whale 'Sets 10 Major Goals' addressed the question of whether the current situation indicates a reversal or a significant bounce, stating that the trend has indeed reversed. Previously, it mentioned, 'This round of trend has been more intense than I originally imagined, so the subsequent expectations can be a bit bolder. Entering at $80,000 or even above is still not too late; there is still room for growth. The probability of reaching $100,000 will likely occur sooner than I initially expected. After $100,000, we will reassess how far this trend can go.' It also raised the question, 'If Strategy starts to buy continuously again, could that signal the bulls' 'breaking the cup'? While it is certainly not a buy button, I will definitely consider it a high-weight signal. A person who has truly undergone stress testing, knows where their capital structure's bottom line is, and is willing to reinvest real money, their actions are at least more worthy of study than the majority of opinions in the market.'

On August 25, the whale 'Set 10 Major Goals' addressed the question of whether the current situation is more likely a reversal or a significant rebound, stating that the trend has reversed. Previously, it mentioned, 'This round of trend has come in stronger than I originally imagined, so the future possibilities can be bolder. Entering at $80,000 or even above is still not too late; there is still room. The probability of reaching $100,000 will likely happen sooner than I originally expected. After reaching $100,000, we will reassess how far this trend can go.' 'If Strategy starts to continuously buy again, could it signal the bulls' 'breaking of the cup'? It is certainly not a buy button, but I will definitely treat it as a high-weight signal. Someone who has truly undergone stress tests, knows where their capital structure's bottom line is, and is reinvesting real money, their actions are at least more worthy of study than the opinions of most in the market.'

On August 25, Bitcoin surged approximately 25% over the past week, reaching near $80,000 at one point. However, market analysts believe that the 50-week simple moving average (50W MA) remains a key technical resistance level for determining whether the current bear market has truly ended, with this moving average currently situated in the range of approximately $81,000 to $82,000. Galaxy Research indicates that in previous bear markets, Bitcoin (BTC) has formed a bottom 11 times when it successfully reclaimed the 50-week moving average. If Bitcoin can close above this moving average on a weekly basis, historical data suggests that the current bear market is likely over. Meanwhile, Bitcoin has also surpassed the 50-day, 100-day, and 200-day moving averages on a daily chart, indicating a significant enhancement in short-term momentum. Some analysts believe that the low point of this cycle may have already been established, but given that Bitcoin's 7-day increase has reached about 25% and the 7-day rate of change (RoC) is at a rare high for the past five years, historically similar extreme readings often accompany short-term pullbacks or consolidation rather than a sustained upward trend. The market will now focus on whether Bitcoin can effectively break through and stabilize above the 50-week moving average to further confirm a trend reversal.