币界网报道:The cryptocurrency market is poised for a prolonged bull run despite recent volatility, according to industry analysts. Bitcoin's recent correction from its all-time high (ATH) near $69,000 is seen as a healthy consolidation phase rather than the end of the bull cycle. Market observers point to strong fundamentals, including increasing institutional adoption and growing mainstream acceptance of digital assets as key drivers for sustained growth. Several technical indicators suggest Bitcoin could reach new ATHs in the coming months, with price targets ranging between $100,000 to $250,000 by the end of 2024. The current market dip is attracting significant buying interest from both retail and institutional investors, with on-chain data showing accumulation by long-term holders. Experts emphasize that while short-term corrections are normal in crypto markets, the overall trend remains bullish due to factors like the upcoming Bitcoin halving event in 2024, which historically has preceded major price rallies. Altcoins are also expected to benefit from the bullish sentiment, particularly those with strong utility and developer activity. Market participants are advised to maintain a long-term perspective and focus on projects with solid fundamentals rather than short-term price movements. The current consolidation phase is viewed as an opportunity for strategic portfolio positioning before the anticipated next leg up in the crypto market cycle.