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Have Fun With A Quiz in Gate Chat Group & Unlock Big Rewards!
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The true signal behind Bitcoin breaking through $93,000: the clash between bearish and bullish perspectives
【Crypto World】The market is stirring again. On one hand, seasoned investment commentators are loud, saying that the current cryptocurrency boom has peaked, advising everyone to take profits and shift to “traditional safe-haven assets” like precious metals. They cite the significant overnight rise in precious metals as evidence, confidently claiming it signals a market shift.
On the other hand, what do the data say? Bitcoin broke through $93,000 directly on Monday. The breakthrough at this level is quite interesting—it confirms the technical pattern of “higher lows,” indicating that buyers are supporting this asset. However, to be honest, there is still 27% room to reach the all-time high, and this gap provides plenty of arguments for the bears.
The core question is: precious metals are rising, and Bitcoin is also rising. Who will be the next market leader? This tug-of-war in asset allocation will continue. The market is always like this—an ongoing clash of opinions, with some denying and others insisting. The key is how you view the support level above $93,000.