To be honest, the price has already surpassed 98,000, and the truth is that the price is really high. At this level, many people will definitely take profits and sell, but have you noticed that every time there is a sell-off and a drop, it is immediately pulled back up by a large number of buyers. The bullish forces are obviously stronger than the bearish forces! The reason is that January 20 is when Trump takes office, and March is the Ethereum Prague upgrade. Both are positive news, and the benefits have not yet materialized. So we still need to have confidence to continue holding patiently and not get left behind, otherwise the cost of getting on later will be higher!
The current market decline is limited, while the potential for growth is unlimited. Personally, I think we should hold our positions with peace of mind and patiently wait for the day we break through 100,000. Once we break through 100,000, it generally pushes up further past that milestone. After the positive news is realized, we can then look to sell at the peak. However, if you are worried about a pullback, you can reduce your position a bit, so you won't panic with the ups and downs!
Institutional investment generally belongs to the category of medium to long-term investment; they won't exit without satisfactory profits. Only retail investors like to move around and trade back and forth, so as long as institutions do not choose to sell off and leave, the possibility of a deep correction is almost nonexistent.
I personally believe that the peak of this bull market could see Bitcoin prices break through the range of 150,000 to 200,000. Let's witness the arrival of the bull run together!
