In the past six months, the pie seems to have been caught in a curse of high fluctuations. Whenever the price climbs to the $70,000 mark, it is always accompanied by a wave of decline. This drama has been staged three or four times.
This repeated trend has caused many people to form inertial thinking. Once the price of Bitcoin rises to a high level, they can't help but worry that it will repeat the same mistake and fall back to the range of more than 50,000 US dollars.
If we carefully observe the current market situation, we will find that it is significantly different from the high fluctuations in the past.
In the past, Bitcoin has often behaved very resolutely when it fell from high levels. It not only fell continuously, but also suffered significant daily declines.
This trend reflects the strong willingness to cash out profits at high levels in the market, and they are willing to lock in profits at the expense of sharp declines.
In the current market, although Bitcoin has also experienced high fluctuations, its downward trend is no longer so determined.
At the same time, the altcoin market is also booming.
Altcoins such as BB on the second-layer public chain have attracted the attention of a large number of investors. The continuous breakthroughs in technology and application of these projects provide investors with more choices and opportunities.
For those still hesitant to get in, the opportunities are now dwindling.
Nowadays, the market is fluctuating one after another, and blindly going it alone will never give you a chance.
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