Despite a 75-day bullish run, Bitcoin's inability to break through the $70,000 psychological resistance signals a potential reversal. The absence of new all-time highs suggests that the recent price movements might be part of an inverted correction, marked by a series of lower highs.
Current market conditions show a lack of strong buying momentum, and even large-scale investors (whales) appear to have reached their purchasing limits. While Bitcoin's price could be artificially inflated through manipulative strategies, such efforts are risky without real demand. If genuine buyers donât emerge, those trying to drive up the price could face significant losses, especially short-sellers.
Itâs unlikely that whales themselves would suffer losses from such manipulations, but market participants are becoming more cautious. The repeated cycles of overvaluation followed by corrections have led to a more skeptical and informed investor base.
The key question is whether the market needs a correction, or if investors have simply become too savvy to fall for the same tricks. In the past, media hype and narratives fueled buying frenzies at market peaks. Now, investors seem more likely to rely on their own research and wait for better entry points.
The credibility of market analysts has also diminished as their predictions often miss the mark. Many investors now prefer to trust their own analysis and experience rather than following outside advice.
As the market matures, the days of easy profits appear to be behind us. Investors must exercise patience, wait for the right opportunities, and avoid impulsive decisions driven by fear or greed. The era of uninformed speculation has shifted to one where investors are more discerning and sophisticated.
