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Bitcoin will see a big bull market Not participating is the big

Date:2024-07-20 18:17:17 Channel:Build Read:

 Bitcoin bull market is coming, missing out is the biggest risk

In the financial market, an important decision that investors often face is whether to invest in a certain asset. In recent years, the price fluctuations of Bitcoin have attracted the attention of countless investors, especially in the context of its price hitting new highs, and predictions that Bitcoin will usher in a big bull market have emerged one after another. For those who have not yet participated in Bitcoin investment, missing this round of bull market may bring immeasurable risks and losses. Against this background, let us take a deep look at the future of Bitcoin and the potential consequences of not participating in investment.

Since its advent in 2009, Bitcoin has experienced many fluctuations in the financial market. Whether it is the rapid advance in 2017 or the surge in the epidemic in 2020, investors have witnessed the huge potential of Bitcoin. However, many people are still cautious about Bitcoin, believing that its volatility is too large and the risks are difficult to control. But if we look at it from a long-term perspective, the essential characteristics of Bitcoin and its position in the global financial system may reveal huge investment opportunities.

Secondly, global economic uncertainty is also an important factor driving the Bitcoin bull market. In recent years, as central banks around the world have adopted loose monetary policies and liquidity has been abundant in the market, investors have begun to look for new investment channels. Bitcoin has become an ideal choice for many people in times of economic turmoil due to its decentralized nature. Especially in 2021, as more and more institutional investors entered the Bitcoin market, the price once exceeded $60,000, creating a record high. At this time, many investors began to realize that if they did not participate in time, they might miss this rare investment opportunity.

Furthermore, Bitcoin's technological innovation has also laid the foundation for its future bull market. The continuous upgrading of the Bitcoin network has greatly improved its transaction speed and security. For example, the introduction of the Lightning Network has enabled Bitcoin transactions to be completed in seconds, greatly improving the user experience. This technological advancement not only attracted more users to participate, but also made the application prospects of Bitcoin in the payment field broader. As more and more merchants began to accept Bitcoin as a means of payment, the market's acceptance of Bitcoin continued to increase, further driving its price increase.

In addition, the change in society's perception of Bitcoin is also a factor that cannot be ignored. With the popularity of Bitcoin, more and more people began to understand the potential of blockchain technology and realized that Bitcoin is not only an investment tool, but also a force to subvert the traditional financial system. For example, governments and financial institutions in many countries have begun to explore the possibility of digital currency, and even some countries have launched their own central bank digital currency. This trend undoubtedly provides strong support for the future development of Bitcoin.

However, for those investors who are still on the sidelines of Bitcoin, the biggest risk may be missing this bull market. In the financial market, the grasp of timing often determines the success or failure of an investment. As the famous investor Warren Buffett said: "Be fearful when others are greedy, and be greedy when others are fearful." If you choose to wait and see when market sentiment is high, you may miss the best entry time, resulting in the quiet loss of future investment opportunities.

Not only that, missing the Bitcoin bull market may cause great psychological pressure on investors. As the price of Bitcoin continues to rise, people who have not participated in the investment may feel a sense of anxiety of being excluded, and may even doubt their investment decisions. This psychological burden not only affects personal emotions, but may also have a negative impact on investors' future decisions.

Of course, investing in Bitcoin is not without risk. Before participating in Bitcoin investment, investors need to fully understand the volatility and potential risks of the market and formulate a reasonable investment strategy. For example, you can consider diversifying your investment and allocating funds to different assets to reduce the overall risk. At the same time, investors should also remain rational, not be swayed by short-term market fluctuations, and avoid blindly following the trend.

In this context, while participating in Bitcoin investment, investors should also strengthen their own learning and research, pay attention to market trends, and understand the technology and economic logic behind Bitcoin. Instead of regretting when the bull market comes, it is better to lay out in advance, seize investment opportunities, and realize wealth appreciation.

In short, as a new type of digital asset, Bitcoin's potential and opportunities cannot be underestimated. With the continuous development of the market and the continuous advancement of technology, Bitcoin's future will be brighter. For investors, participating in Bitcoin investment is not only an opportunity to increase wealth, but also an exploration of the future financial system. In this global financial transformation, missing the Bitcoin bull market will be the biggest risk. As one investor said: "In this rapidly changing era, only by seizing opportunities can we avoid being left behind by the times." Let us look forward to the future of Bitcoin and seize this rare investment opportunity.

The four most famous international exchanges:

Binance INTL
OKX INTL
Gate.io INTL
Huobi INTL
Binance International Line OKX International Line Gate.io International Line Huobi International Line
China Line APP DL China Line APP DL
China Line APP DL
China Line APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.


According to Coindesk analysts, Bitcoin has been trading sideways for the past week and looks set for a bullish breakout. However, a breakout above $9,500 will take time, but for now, bulls are more motivated. Bitcoin could see a big bull run and rise to $9,975 (200-day moving average) and $10,000 (psychological resistance mark). A daily close above $10,000 could bring a stronger rally to $11,306 (38.2% Fibonacci retracement price from $19,891 to $6,000).

A downside breakout of the pennant pattern will weaken bulls, with support at $8,490 and $8,104 (50-day moving average), respectively. Only a daily close below $7,823 (April 17 low) would signal a bear market recovery.

In addition, Fundstrat Global Advisors LLC technical strategist Rob Sluymer also said that Bitcoin is currently more bullish, having reversed the downward trend from December to April, and believes that this is a healthy adjustment at the 200-day moving average.

Rob Sluymer said on CNBC that a technical analysis of the cryptocurrency market in 2018 was conducted, with a special focus on BTC. BTC saw "huge support" between $8,200 and $8,400. BTC stagnated at the 200-day moving average, momentum was overbought, and there was a lot of support here.

He emphasized that the recovery this spring was relatively "orderly" and "timely", indicating a bullish outlook for the future. He also agreed with Tom Lee's view that BTC will reach $25,000 by the end of 2018.

In addition to Western analysts bullish on Bitcoin, Cai Wensheng, chairman of China's Meitu Xiuxiu and founder of 265.com, also has considerable expectations for Bitcoin and digital currencies, believing that there are only more than 30 million people playing Bitcoin and digital currencies in the world now, and this number is a very early start. Therefore, not participating is the biggest risk.

First, we need to recognize the scarcity of Bitcoin. The total amount of Bitcoin is limited to 21 million, which makes it a digital asset similar to gold. As more and more people realize the value of Bitcoin, the market demand for it continues to increase. Historical data shows that when demand exceeds supply, prices tend to soar. For example, in March 2020, with the outbreak of the global epidemic, traditional financial markets suffered a heavy blow, but Bitcoin rebounded rapidly in the following months, and its price once exceeded $20,000, becoming one of the preferred assets for investors to hedge. This situation once again proves Bitcoin's status as digital gold.


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