Bitcoin's recent struggle to surpass the $70,000 mark, even after 75 days of bullish activity, points to a potential market reversal. The absence of new all-time highs suggests a possible inverted correction with a pattern of lower highs. Current market conditions indicate a lack of strong buying momentum, with both retail and large-scale investors (whales) reaching their purchasing limits.
While some price manipulations may temporarily boost Bitcoin's value, they carry significant risks without genuine demand backing them. If real buyers don’t emerge, those who have bet on these manipulations could face significant losses. However, whales likely won’t suffer from these tactics, as market participants grow more cautious and skeptical of such moves.
Investors have become more informed and less likely to fall for hype-driven strategies that previously fueled price surges. Market analysts' repeated failures in predicting price movements have also led many investors to rely on their own research and experience rather than external advice. As the market matures, the days of easy profits are behind, and investors now focus on patience, careful decision-making, and avoiding rash actions based on fear or greed.
