#BTC What does it mean when Bitcoin reaches a new all-time high?
When Bitcoin reaches new highs, investor psychology and historical resistance manifest
Opinion
Bitcoin, like any good boxer, has its rounds. Each round is a cycle where the price goes up, down, and then rises again with more strength. A cycle is like a roller coaster: we excitedly ascend to the top (the all-time high), then we drop with our hearts in our mouths (the bear market), and after hitting bottom, we rise again, but this time, higher than ever!
BTC
89,801.3
-2.38%
This pattern (in theory) repeats itself over and over, creating unique opportunities for the boldest investors. Of course, it’s not a walk in the park; one must keep their feet on the ground and understand that volatility is part of the game.