Whale “先定十个大目标” Remains Bullish on BTC, Reiterates $58,000 as Bottom of This Cycle

TechFlow reported that on October 31, whale “先定十个大目标” updated Bitcoin market views and position management on X.

They said they previously believed BTC would struggle to fall below $78,000, and the price had remained above $79,000 until a recent black swan event caused it to break below this level. To guard against similar extreme moves recurring, they had previously closed about two-thirds of their long positions around $76,000.

After observing the market over the past two days, they believe it has stabilized and re-entered a full-size long position in the $76,000–$78,000 range. Their core thesis remains unchanged, still viewing $58,000 as the bottom of this BTC cycle.

Regarding future price action, they expect the bottom of the first phase of this bull market may be around $118,000, with the second rally target at twice $78,000, or about $150,000, and believe BTC may reach $120,000 within the year.

Source: TechFlow