#BTC What does it mean when Bitcoin reaches a new all-time high?
When Bitcoin reaches new highs, investor psychology and historical resistance manifest
Opinion
Bitcoin, like any good boxer, has its rounds. Each round is a cycle where the price goes up, down, and then rises again with more strength. A cycle is like a roller coaster: we excitedly ascend to the top (the all-time high), then we drop with our hearts in our mouths (the bear market), and after hitting bottom, we rise again, but this time, higher than ever!
This pattern (in theory) repeats itself over and over, creating unique opportunities for the boldest investors. Of course, it’s not a walk in the park; one must keep their feet on the ground and understand that volatility is part of the game.
