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From the monthly chart, the rise of Bitcoin may continue for at least two more months. Typically, during a major bull run, it is not uncommon to see six consecutive months of monthly rises. Currently, we have just entered the fifth month of rise, and most importantly, the interest rate cut policy for September has just begun to be implemented.
With the arrival of the interest rate cut cycle, this round of bull run is expected to last longer. Historically, the gains from the previous rounds of six consecutive rises have been quite substantial. In contrast, the current gains are relatively small, which means there is still significant upward potential in the market.
Based on the current market performance, the price of Bitcoin is likely to rise by about 70% in the future. This expectation is built on an analysis of past market trends and an assessment of the current macroeconomic environment.
However, investors should also be aware that the cryptocurrency market is notoriously volatile, and high returns are often accompanied by high risks. Therefore, when making investment decisions, it is still necessary to carefully assess one's own risk tolerance and allocate assets appropriately.
With the improvement of the global liquidity environment, Bitcoin, as an emerging digital asset, may see its appeal further enhanced. However, at the same time, changes in the regulatory environment, technological advancements, and market sentiment could all significantly impact its price. Investors should closely monitor these changes to adjust their investment strategies in a timely manner.