Binance trader Nachi: Various signals indicate that the market will turn bullish, and Bitcoin will reach a historic high in the coming months

Odaily Planet Daily News: Binance trader Nachi has released the latest viewpoint, stating that after Powell's key speech at Jackson Hole, Bitcoin has broken through the resistance level of $62000 very strongly. This is a very clear signal that the trend has turned, and Powell has once again fully turned to a dovish stance. As long as economic data does not appear too weak, the market will remain strong. Based on the upcoming interest rate cuts in the United States, central banks around the world will accelerate the injection of liquidity into the market; The wave of selling by the government, MtGox, Jump, and Genesis has passed, and so on. In the coming months, demand will exceed supply. At the same time, Nachi stated that it has almost fully invested and firmly believes that the market will turn bullish, and BTC will significantly rise in the coming months, reaching a historic high.