The Downfall Truth: Historical Cycle, Hard to Avoid for Retail Investors
Hey, brothers! Have you noticed that history is always astonishingly similar, like an endless cycle? In December 2020, Bitcoin ($BTC) actually plummeted by 12%! You should know that in the previous October to November, it was a crazy rise, with an increase of 77%! But who could have imagined that just 23 days later, the price of Bitcoin soared from $17,000 to $41,000, a jaw-dropping increase of 136%!
Now, it seems that the familiar plot is playing out once again. After a significant rise in Bitcoin during the recently concluded fourth quarter, it encountered a Waterloo, dropping by another 13%. But is this really the bottom? No! We may still see a further adjustment of 10% to 15% in price. It's like a sword of Damocles hanging over our heads, making us feel anxious.
However, don't panic! Bitcoin and the entire cryptocurrency market still have plenty of upward momentum. Perhaps the next opportunity is just around the corner; we just need to be patient and seize the moment to stand out in this crazy market game. But before that, we retail investors must stay alert and not be mercilessly harvested again. $BTC