#PI# At eight o'clock in the morning, Bitcoin has surged to 116,000, rising by about five percent, having broken the three percent barrier (four percent away from the previous high). As long as Bitcoin can hold above this level in the next few days, it means the breakthrough is effective.

In fact, many people have already seen this trend and are actively following it, and it is very likely to continue to rise with bullish candlesticks, or even large bullish candlesticks.
There may still be pullbacks and fluctuations, but the third target level remains unchanged (150,000 to 200,000).
Looking at the price of Pie Coin, at nine o'clock in the morning, it rose by about eight percent, recovering the five-dollar threshold.
Prior to this, the Pi coin has continuously experienced small bearish and bullish movements, resembling an arc bottom. Although there hasn't been much time, Bitcoin has risen, and now the Pi coin has produced a medium bullish candle, breaking through the neckline, which basically confirms that the bottom formation is complete.
Although it cannot be fully confirmed yet, there is definitely an offensive.
The fundamentals are also supportive. First, the team has been quite active lately, wanting to make moves (the domain auction ends in September, could this give me a chance to intervene in the blockchain frontiers, creating room for imagination?). Second, as I mentioned before, the conditions for launching an offensive before June 28 are not in place, because June 28 is the biggest bearish factor.
Many people have unrealistic fantasies about 628, so I said at that time, there is no good news, it will fall. Generally, good news also leads to a big drop, and better news still results in a decline. Only a significant positive factor like mapping could possibly cause a rise.
And I predict that if it rises, it must have surpassed 628, and after testing the bottom, at this point, what should have fallen has already fallen, the biggest bearish factor of 628 has passed, and only then might it embark on an upward trend. If the rising trend is established, it could lead to a great bull market that lasts for thirty consecutive years.
Too much chicken blood makes it unstable; a bottom without chicken blood is solid, and a market without chicken blood is healthy.
From the current situation, after a series of small bearish and bullish candles, a medium bullish candle has formed. If it can hold above and continue to push upward (it can be consecutive medium bullish candles, or it can consolidate and then push up with small bearish and bullish candles), it may announce that the bottom is complete and the upward trend is established, as there are no significant bearish factors left. The market can only move upwards. If an upward trend can be established, then our spring and the big bull market will naturally arrive.
This process will go smoothly if it encounters Bitcoin cooperation. If Bitcoin only pretends to break through the previous high and then drops sharply after enticing many to buy, the token may be temporarily affected, but it will eventually emerge with an independent market trend.
Ideally, it would take one to two years, or two to three years to advance, achieving a range of 150 to 350 with the support of the mainnet completion, which is the range I previously predicted for the investment value of coins after the mainnet launch.
(It may also be lower than this area, as the public chain of the token cannot launch its mainnet for a long time, and its exclusive domain has been largely occupied by stablecoins, resulting in a significant decrease in the investment value of the public chain.)
The mainnet is predicted to be completed in 28 years. Whether it can reach 800,000 in ten years depends on whether the public chain can reclaim a large part of the lost ground from stablecoins by then.
The overall situation is still optimistic, and the target high position needs to make certain adjustments based on the status of public chains.