Finally going to walk the bear, right? The cycles of bull and bear markets in the cryptocurrency world are driven by technological innovation and market sentiment. The hacker incident in 2011 triggered the first crash, and in 2013, the bull market ended due to China's regulatory policies. The ICO boom in 2017 propelled the bull market, but subsequent tightening of regulations led to a collapse. The black swan events of 2022, such as the LUNA crash and the FTX bankruptcy, severely impacted the market. From the historical candlestick charts, regardless of the news, I believe there will always be cycles; it's impossible for prices to keep rising or falling indefinitely. Bitcoin's price has been at a high for quite some time now, so why do so many newcomers think they should buy the dip when it drops a few percent? Have they never seen what a real drop looks like? 🤣🤣#btc $BTC
