I am an old dog who has been in the currency circle for many years. I have experienced countless hardships and suddenly look back in 21 years. There is nothing better than doing Bitcoin to make people feel at ease and secure. In 2022, he started buying Bitcoin at the bottom and officially became a staunch Bitcoin collector.
Back to the main story, this bull market started in October 2023. So far, Bitcoin has not even experienced a decent correction. In these six months, Bitcoin has only two states, rising and rising in a few days. From the start of the bull market to today's Bitcoin, a behemoth with a market value of US$700 billion, it has grown into a giant with a market value of US$1.3 trillion. This intensity is very abnormal, which shows that there are a large number of buyers in the market and are very reluctant to sell Bitcoin. But after all, the laws of the market do not depend on people. What are market laws? That is, if it falls too much, it will rise; if it rises too much, it will fall. Looking at the history of Bitcoin rising for three consecutive months, it usually only occurs during the mad bull stage, but it is extremely rare to rise for half a year. Friends who are interested can take a look. How many times has this monthly line happened before? This situation is rare. In the past three Bitcoin halving cycles, there was always a long period of decline before the halving. The time for this halving is only one and a half months. Risks will gradually accumulate over time.
Right, then you want to say that it has never plummeted, and it has remained strong until after the halving, which means that there is a huge external force that broke the original operating cycle of Bitcoin. What if this happens. I think the price limit of Bitcoin is incredible, 500,000, 600,000, 800,000, and 1 million are up to your imagination. But as of now: judging from the market information we can collect, the probability of the market plummeting is high. It has indeed gradually exceeded the probability of growth. If a crash occurs, then according to normal logic, there will be a big crash first, then a waterfall the next day, then a rebound, then a negative drop and then a rebound again. Cycle times range from two weeks to three months. Anyway, it has been like this every time before, so for short-term investors, be careful! Don’t go to relatively tall buildings during this period.
Of course, for currency hoarders like me, we basically have little interest in short-term market fluctuations.Bitcoin will go to heaven in the end anyway. We don’t care about the process