When will Bitcoin hit a new high again?
In the bull market, there is a saying that "a thousand gold coins cannot buy a bull back". This means that in the bull market, every decline is a distribution of wealth. Of course, this situation is contrary to people's intuition, because when the market falls, most people will panic and exit, and regard stop loss as a meat cut. However, the bloody decline in the bull market is only temporary, and the market will always rebound. The market will rise again in the way of falling back, and then create a new high, and then fall back, sideways, rebound, and create a new high again. This cycle will appear several times.
Have you noticed that the concept of bankers in this round of bull market has become weaker and weaker? In addition to altcoins, there are also bankers. After Bitcoin has an ETF, it has directly become the object of capital operation. The large-scale sell-off of Grayscale a few months ago is a clear proof of capital manipulation. This means that the start-up era of the crypto market is over, and it is indeed becoming more and more difficult to play now.
Another headache is that there are too many altcoins in this round. Each currency claims to be the leader of the track, and the speed of hot changes is much faster than before. In the past, a high-quality altcoin could lead the entire bull market, but this time many of them failed. Once the banker has finished cutting, he will change the name and develop the next one. This also exposes a loophole in position management, which becomes particularly important at this time. I personally think that the current market is still fluctuating. First of all, I think the current market does not have the financial conditions to set a new high. Secondly, although the market has been fluctuating for a while, if you want the market to rise violently again, it will be better to fluctuate for a while. After all, everyone should have heard this sentence: how long the horizontal is, how high the vertical is.
