The giant whale "first sets ten major goals": still believes that the bottom of this round of the BTC bull market is 58,000 USD, and it is expected to reach 120,000 USD within the year

The whale "Set ten major goals first" updated its Bitcoin market views and position operations on the X platform. He stated that he previously believed the BTC price would struggle to break below the $78,000 mark, but the actual price has remained above $79,000 until it fell below that level after a recent black swan event.

He had previously closed about two-thirds of his long positions near $76,000 to guard against similar extreme market conditions occurring again. After observing the market stabilize over the past two days, he has re-entered full long positions in the $76,000 to $78,000 range, with his core judgment unchanged, still believing that $58,000 is the bottom of this cycle for BTC.

He further pointed out that the bottom of the first phase of this bull market may be around $118,000, while the target for the second round of increases is double that of $78,000, which is about $150,000, and he expects BTC to reach $120,000 within this year.