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Recently, the Crypto Assets market has been booming, with Bitcoin prices continually rising. However, we need to view this bull run rationally and not be misled by overly optimistic predictions.
Analysis indicates that a Bitcoin price of $150,000 may be a reasonable peak for this market cycle. It is important to note that when the price of Bitcoin reaches $760,000, its total market capitalization will surpass that of gold. Considering that gold is a store of value accumulated by central banks worldwide over decades, it seems unrealistic for Bitcoin to reach such heights in the short term.
Based on historical data, the growth momentum of Bitcoin is weakening. After reaching a new high in 2017, the price increased by 20 times; after breaking a new high in 2021, the increase dropped to 3.5 times. And this time, after breaking the historical new high, the price has fluctuated around $120,000 for more than half a year, indicating insufficient upward momentum.
Institutional investors are often more cautious than retail investors. As prices rise, their investment strategies may become more conservative. At this point, rather than fantasizing about a price surge, it is better to focus on risk control.
The bull run is often the most dangerous time, and investors need to stay alert to avoid becoming the last to buy in. For investors looking to seize opportunities during a bull run, it might be too late to learn on the fly now. It is important to constantly pay attention to market trends, analyze rationally, and make cautious decisions.
The Crypto Assets market is constantly changing, and investors should continue to learn and improve their judgment rather than blindly following others' advice or overly optimistic predictions.