Bitcoin Surges as Market Dynamics Shift

Key Points

1. Bitcoin is priced at $113,800, with altcoins performing poorly and global risks affecting the market.

2. Ki Young Ju initially misjudged the market as a bear market but later retracted, attributing the stability to maturing markets and corporate actions like ETFs.

3. The analyst predicted a price range of $120,000-$150,000 for this cycle, with the current price reaching the lower boundary.

4. Market behavior in the final stages of the cycle can be unpredictable, as seen in 2017 when Bitcoin's price doubled in six days after breaching $10,000.

5. The analyst advocates for reducing positions on rises and increasing them on drops to manage emotions and achieve solid results.