Odaily Planet Daily reports that the whale "First Set 10 Big Goals" stated that after closing his previous short position, he has re-established a long position in Bitcoin (BTC) and continues to maintain his medium- to long-term bullish outlook. The key support zone from the last bull market is around $60,000, and the current mainstream mining cost for Bitcoin also concentrates in the $50,000 to $60,000 range, giving this zone strong support significance. BTC’s recent quick rebound after dipping to as low as $58,000 further validates the assessment of its strong support at this level.
He believes that over the past month, Bitcoin has undergone sufficient consolidation and handover of positions within the $58,000 to $63,000 range. Having now reestablished support near $66,000, the market is positioned for further upside, with the possibility of a volume-backed rally breaking through $72,000 and initiating a new upward cycle. Additionally, U.S. equities—particularly AI-related sectors—are currently trading at elevated valuations, and future volatility may intensify. Meanwhile, Bitcoin’s correlation with U.S. stocks has declined significantly compared to previous cycles; as institutional capital continues to flow in and its asset characteristics strengthen, BTC is increasingly developing its own independent price trajectory.
In the absence of systemic risk, the probability of Bitcoin falling below $60,000 again is decreasing, and BTC is expected to have a high likelihood of retesting $100,000 around March next year. However, he emphasized that being bullish does not mean ignoring risks; the current long position has set a stop-loss zone between $61,500 and $64,000. If the market breaks below this range and confirms the analysis is wrong, the stop-loss will be executed, and he stated: “Opinions can change, but discipline cannot.” The core of trading is not about winning every trade, but about controlling losses when wrong and letting profits run when the trend is correct.