Has the honeymoon period of Bitcoin ended or is this just a preparation of something bigger?

in Project HOPE2 months ago

Greetings friends!

After making a history Bitcoin price has dropped significantly. From $73634 on 13th this month, its price plunged to near 72k on the same day. Then it went up and again tried to touch the previous high but could not be successful. There was a big resistant working there. So, from 73k on 14th, it dropped about 69k on the same day. Bulls again tried and took to near 72k but again bear mercilessly shattered their dreams as you can see below:

As happened during the month, it is near to the high of the 7th which is
now working as resistant.

As happened in the past bulls tried again and again and finally gave up. Is this going to be repeated on this occasion too? Let's see the all time position of the price of BTC.


Last time in 2021-2022, when BTC was at its all time high price, its price made two peaks and finally started declining. From January to May 2022, it was in a range around 40k. After that it dropped significantly. Before that in 2018 peak season stayed even for the shorter period. So, BTC improved its position with every peak season. In this time it has made only a single peak and its current price is still near the top.

AS you can see in the last picture, this time's volume is not even near to the volume of the past occasion in which BTC broke all the previous records. In 2021-22, there had been significant volume which is not as much as the previous volume as this screenshot suggests. Some great players might still be waiting for the suitable time to strike. So, in my view it seems that BTC price will drop once again and again it will go up. It may touch even 80k on the next occasion. It may happen within two or three months. Then it will again start falling and give us a new chance to buy again.

What do you think?

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