Bitcoin Surges Above $100,000 as Bull Market Gains Momentum
The Bitcoin bull market has resumed with BTC surpassing $100,000. Crypto analyst Ardizor outlined key indicators for when to sell during this bull run:
- Sell when BTC's Profitability Index exceeds 300% and crypto popularity grows on social media.
- Sell if Coinbase ranks first in app stores for two months and conversations about crypto become widespread.
- Sell when the BTC Coin Days Destroyed (CDD) metric rises above 300 million.
- Sell if acquaintances start asking about investing in crypto.
Ardizor plans to continue accumulating coins until these conditions are met. He recommends capital allocation as follows:
- 40% in BTC
- 20% in ETH
- 10% in quality altcoins
- 5% in high-potential meme coins
- 15% as working capital
- 20% in USDT for buying dips
Recent data shows $35 billion has entered the crypto market over the past three weeks.
Price Targets for BTC
Market experts suggest potential price targets for BTC, estimating it could reach between $125,000 and $150,000 by August or September. A subsequent 50% correction is anticipated. Some analysts also predict a possibility of reaching $200,000 by year-end.
Currently, BTC trades around $103,600, reflecting a rise in the last 24 hours.
