This weekend, the Bitcoin (BTC) market has shown significant resilience. Analysis indicates that as long as BTC can maintain stability above $116,500, the current downtrend is expected to come to an end. Recently, the market has experienced two significant fluctuations: one due to geopolitical events causing a drop of 4,000 points, and the other due to a massive sell-off (approximately 80,000 Bitcoins) leading to a decline of 5,000 points. However, the market quickly recovered after both shocks, reflecting investors' strong long-term confidence in Bitcoin.

Historically, Bitcoin has retraced to $75,000 after breaking through $100,000, and then reached a new high of $110,000. Currently, Bitcoin has touched the $120,000 mark and is stabilizing. Based on this pattern, it can be cautiously predicted that Bitcoin is expected to reach the level of $130,000 by the end of this year. If market sentiment is more optimistic, it may even challenge the high of $140,000.

This ongoing upward trend reflects the overall positive sentiment in the cryptocurrency market, as well as Bitcoin's position as the leading digital asset. However, investors still need to exercise caution and closely monitor market changes and potential risk factors. As the price of Bitcoin continues to rise, its role and influence in the global financial system will also expand, potentially sparking more discussions about the future direction of digital currencies.