Has Bitcoin reached its peak at 110,000? Will there be a big drop in the cryptocurrency market next?
Before getting tangled with this question, have people considered how to determine the peak?
In fact, many people judge that Bitcoin has peaked simply because it has broken its historical high, and at this position, it hasn't really increased much. Meanwhile, other cryptocurrencies have been continuously declining, and then they believe that interest rate cuts are unclear, and the market lacks liquidity.
However, we must be clear that judging the peak is very cautious. It should not be based on gut feelings,
It requires a comprehensive analysis of historical cycle patterns, time, space, volume, price, as well as policies, funding, fundamentals, etc.,
First of all, the first point has already debunked this issue: there is not enough time, the bull market has not yet reached a period that corresponds to the transition from bull to bear,
Let alone the price and so on. Gold, as a strategic reserve, has a market value of 100 trillion, and after breaking its historical high, it increased by fifty percent. Bitcoin, as a new strategic reserve, has such a small market value; how much did it break the previous bull market's high?
Therefore, these things must be analyzed comprehensively. Those who can buy are apprentices, but those who can sell are masters. The reason many people miss out on the entire bull market and sell only to see the market surge, missing out on significant gains, is that they do not know when the real peak is or how to judge it, and can only listen to market news.
