Bitcoin's inability to surpass the $70,000 psychological barrier, despite a 75-day bullish period, hints at a potential reversal. The absence of new all-time highs suggests an inverted correction, marked by lower highs. The market lacks strong bullish momentum, with limited buying interest at current levels, even from large investors or "whales," who seem to be reaching their buying limits.
While price manipulation is possible, without real demand, such tactics are risky and could lead to significant losses, especially for those holding short positions. Whales manipulating the market are unlikely to lose, but participants are becoming more cautious of these strategies. Repeated cycles of overvaluation followed by corrections have made investors more skeptical.
The question is whether a correction is needed or if investors are becoming too savvy for old market tricks. In the past, hype and media endorsements often drove buying frenzies at market peaks. Now, investors are doing more independent research and waiting for better entry points. The credibility of market analysts has diminished as they fail to predict price movements accurately, leading investors to rely more on their own analysis and experience.
As the market matures, the era of easy profits is ending. Investors must be more patient, waiting for the right opportunities and avoiding impulsive decisions driven by fear or greed. The speculative nature of past markets is being replaced by more informed and cautious participaBITnts.#MemeCoinTrending #GrayscaleConsiders35Cryptos #SCRSpotTradingOnBinance #TeslaTransferBTC $BTC
