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Bitcoin has been sideways for so long and a small increase of $

Date:2024-07-16 18:21:38 Channel:Exchange Read:

In the turbulent cryptocurrency market, Bitcoin, as a leader, has always attracted investors' attention. Recently, the price of Bitcoin has been sideways for a long time without major fluctuations, but at the moment when investors were eager, Bitcoin ushered in a small wave of increases, and the increase was as high as $100! This tiny increase is enough to make investors excited. In such a market environment, investors' emotions are ups and downs. Let us explore the joys and sorrows of the Bitcoin market together.

This small increase, although not large in numbers, is a significant signal for investors. In a market that continues to go sideways, any small fluctuation may indicate that big changes are coming. Investors are full of expectations for the future of Bitcoin. They hope that this small increase is just the beginning and the prelude to the bull market. As a popular saying goes, "Time is money, and money can't buy time." In the cryptocurrency market, time is money, and every price fluctuation may be an opportunity. Therefore, investors are full of hope and expectations for the future of Bitcoin.

However, market changes have always been changeable, just like the sudden change of weather. While investors are happy about the small increase, they can't help but start to worry about the future trend. After all, there is always uncertainty in the cryptocurrency market, and price fluctuations may occur at any time. Investors need to be vigilant and ready to respond to market changes at any time. As the investment community often says, "Don't put all your eggs in one basket." Diversification is an important means to reduce risks. When the market is unclear, calm thinking and steady operation can be invincible in the fierce competition.

In addition to the ups and downs of investors' emotions, changes in the Bitcoin market also affect the hearts of global investors. As a global digital currency, Bitcoin's price fluctuations not only affect individual investors, but also the stability of the entire financial market. In recent years, with the continuous development and growth of the cryptocurrency market, Bitcoin's status has become increasingly prominent. Its price fluctuations are not just a digital game, but also a barometer of the global financial system. Therefore, every small increase in Bitcoin may trigger fluctuations in the global financial market and affect investors' judgment and actions.

In general, Bitcoin has been sideways for so long, with a small increase of $100. Although it is only a small step in market fluctuations, it contains infinite possibilities. Investors need to stay calm, seize opportunities, and be ready to respond to market changes at any time. The joys and sorrows of the Bitcoin market are as magnificent and unpredictable as the waves of the sea. Only by staying rational in the ups and downs of the market can you win more gains on the road of investment. I hope every investor can ride the wind and waves, seize opportunities, and start a journey of wealth!

The four most famous international exchanges:

Binance INTL
OKX INTL
Gate.io INTL
Huobi INTL
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China Line APP DL China Line APP DL
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Note: The above exchange logo is the official website registration link, and the text is the APP download link.


According to Bitpush data, Bitcoin, the cryptocurrency with the highest market value, rose slightly by more than $100 on Tuesday and is now close to $9,400, breaking the consolidation trend of the past period.

Bitcoin's oscillation between $9,000 and $10,000 has lasted for several months, and in recent times, Bitcoin's trend has continued to be weak, and price volatility has further decreased. $9,200 seems to have become Bitcoin's "comfort zone".

From historical data, a price fluctuation of $100 is insignificant for Bitcoin, but in today's world where Bitcoin's price volatility has dropped significantly, the return of volatility seems to mean that Bitcoin is about to break the current consolidation trend.

Bitmex Exchange CEO Arthur Hayes and CEO Zhao Changpeng both tweeted that many cryptocurrency traders and investors are celebrating the return of Bitcoin's volatility.

Nevertheless, it is still a long way to go before Bitcoin challenges $10,000 again. On the way up, there will be greater resistance at $9,600 and $9,800.

Michael van de Poppe, a full-time trader at the Amsterdam Stock Exchange, suggested on Twitter that investors should be cautiously optimistic about Bitcoin. He pointed out, "As the market recovers, we see breakthroughs and bullish trends. But I don't think Bitcoin will break out upward because it's still jumping around." Other major cryptocurrencies have also basically maintained an upward trend, with Ethereum and Bitcoin Cash rising by more than 2%, and Bitcoin SV rising by nearly 5%.

The price of Bitcoin has always been the focus of investors, and sideways consolidation is a relatively calm state. During this period, the price of Bitcoin did not fluctuate greatly, the trading volume was relatively stable, and the power of buyers and sellers in the market reached a temporary balance. This sideways state sometimes makes investors anxious and look forward to price breakthroughs; sometimes it makes them feel at ease, after all, no major fluctuations mean relative stability. Just like the rise and fall of the tides of the sea, market fluctuations are also unpredictable. However, just when investors thought it would continue to sideways, the price of Bitcoin rose slightly by $100, like a clear stream blowing across the lake, which made people feel refreshed.


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