The recent continuous decline of Bitcoin has attracted widespread attention from the market. Investors are worried and speculating about when the price of Bitcoin will bottom out. Let's explore and analyze this hot topic in depth.

In the current market situation, the plunge in Bitcoin prices has attracted a lot of attention. From a technical point of view, the trend of Bitcoin prices has always attracted much attention from the market. In the past period of time, Bitcoin prices have been falling all the way, and market sentiment has been in a downturn. Investors began to worry that Bitcoin prices will continue to fall and that their investments will suffer losses. This worry spread in the market, making people wonder when Bitcoin prices will bottom out?

From historical data, Bitcoin price fluctuations have always been the norm in the market. As a virtual currency, Bitcoin has large price fluctuations and relatively high investment risks. In the past few years, Bitcoin prices have experienced many ups and downs, and market sentiment has been fluctuating. However, every price drop has sounded the alarm for the market and brought thinking to investors. In this case, investors need to keep a clear head, look at the market rationally, and make correct investment decisions.

In the current market environment, the decline in Bitcoin prices is mainly affected by multiple factors. First, the uncertainty of the global economic situation has led to a decrease in investors' preference for risky assets. Bitcoin, as a high-risk asset, has naturally been affected. Secondly, the uncertainty of regulatory policies has also brought certain pressure to the Bitcoin market, and investors are worried about the future trend. Furthermore, the fluctuation of market sentiment has also made it difficult for Bitcoin prices to continue to rise, and investors have chosen to cash out and leave, leading to a further decline in prices.

However, even if the price of Bitcoin plummets, there are still investment opportunities. In the market, there are always some opportunities to be discovered. As long as investors remain rational and seize the opportunity, they may get rich returns. Therefore, when facing the decline in Bitcoin prices, investors do not have to be overly pessimistic. On the contrary, they can see investment opportunities and make the right decisions.

In general, the plunge in Bitcoin prices is worrying, but it also brings thinking to investors. In the market, risks and opportunities coexist. Only by remaining rational and seizing the opportunity can you succeed in investment. I hope that investors can keep a clear head, look at the market rationally, and make wise choices. I believe that in the near future, Bitcoin prices will usher in a new round of increases, bringing more benefits to investors.

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
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.

This morning, news from Bitcoin.com said that the Chicago Board Options Exchange is applying for six index funds (ETFs) for Bitcoin. Bitcoin has quickly deepened its integration into the mainstream financial field, which has provided another powerful shield for the development of Bitcoin and the entire currency circle. The general trend is promising. In addition, as early as the middle of the year, GMO Financial Group announced that it would invest $320 million in Bitcoin mining in 2018 and plan to independently develop chips. The competition between the two major players in mining is far more reassuring to the world than Bitmain's dominance.

What should we look at in today's market

The recent trend of the currency market has entered a new stage. Bitcoin has become the leader in the current rise and fall. If Bitcoin stabilizes, other currencies can stabilize; conversely, if Bitcoin starts to be smashed, other currencies will also fall. I don't know if any currency friends have noticed that a few days before the sharp drop of all currencies the day before yesterday, Bitcoin had actually fallen quietly, but the magnitude was not large and did not attract attention. In short, at this stage, just keep an eye on the trend of Bitcoin.

What will be the general direction of Bitcoin? See the figure below:

Another downward channel has opened. In the market of Bitfinex on the 22nd, the $13,000 mark was broken through without resistance, and even dropped to $10,000, and then encountered strong support and quickly rebounded. Today, Bitcoin fell again from around $15,000, and the $10,000-12,000 range may be hit for the second time.

From the perspective of exchange prices and trading volumes, Bitfinex is in a leading position. Currently, the trading volume of the Korean Bithumb exchange

dropped sharply, and the price was distorted. The price of Bitcoin is referenced by Bitfinex.

Judging from the increase in the market value of USDT, large amounts of US dollars are still entering the market.

Today's market

Today, Bitcoin's $12,000 mark is tested. If it holds up, the market will rebound like on the 23rd, and even regain lost ground. Large amounts of US dollars are waiting to enter the market, so it will be a good time to build a grid position in the short term. Even if it breaks through the 12,000 mark, the collapse will not occur. As of press time, the price of Bitcoin on Bitfinex is $13,515.