Bitcoin has shown a strong growth momentum in the bull market starting at the end of 2020 and an exponential growth in the first quarter of 2021. Bitcoin was an important time node on February 19. It not only broke through the resistance of US $55000, but also rose all the way to the historical high of US $60000. Since then, although the price of bitcoin has undergone a series of slight price adjustments, the holders are still very optimistic about the future.

Quite a few bitcoin holders are optimistic about the future trend. It is generally believed that it will reach a historic breakthrough of $80000 in the next few months. What's more, the end of 2021 will be an important time for bitcoin to realize its $100000 dream.

Interestingly, the sentiment of bitcoin in the trading market has changed a lot. After bitcoin fell below US $60000, the asset weighted sentiment of bitcoin and Ethereum fell to a very low level. Santiment data shows that the total trading volume of bitcoin in recent exchanges has reached the highest level in two months, which is an important sign of short-term hoarders changing their holding mode. As prices rise, more and more traders are making profits from short-term operations, which is also an important reason why bitcoin is difficult to maintain its $60000 level. This kind of large-scale short-term traders, in the past long period of time, had a lot of resistance to rise, even if they returned to the level of $40000.

Over the past period of time, the price has declined in volatility, generally less than 5%. When the next wave of market comes, it is likely to usher in rebound growth.

Therefore, the recent price fluctuations do not mean the end of the bull market, but may be a strong rebound in low-frequency shocks. If so, when is the relatively better investment entry point and allocation time? The author thinks that maybe it is now!

(2021-4-11)