Bitcoin may have flashbacks to the last bull market!

Bitcoin is currently trading between $100,000 and $130,000. Bitcoin is among the top trading volumes in the world today. When you hear trading volume, it simply refers to how much of an asset is being bought and sold. However, it is expected that this volume will increase day by day as we saw in January of this year. Sometimes this number increases when the price of Bitcoin increases or when people from other financial sites invest in Bitcoin or other coins because it seems profitable to them. When Bitcoin first exceeded $100K, there were a lot of people trading so the volume was very high. But now, there is not as much volume as before at the current price. Because even though Bitcoin is still high, there are fewer people trading. This could mean that the excitement is fading, which is not a good sign. The most important thing here is market sentiment and human emotions. When human emotions act on the market, this number can increase in a very short period of time.

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We may have been trading Bitcoin or other coins for a long time but we don't have much knowledge yet. Maybe we are learning. We may know that big investors are betting on the future price of Bitcoin. So obviously when open interest decreases but the price continues to rise, it means that fewer people have confidence that the price will stay the same. For example, the CPI data was released two days ago and came in lower than expected, which is why the market is supposed to have a bullish movement but still the market is looking a little down. But there is a word here called mind gaming. Because you can't analyze everything properly and plan according to the chart, here you have to move forward through mind gaming. Because sometimes when we all think that positive news has come to the market and it will pump right away, many of us are foolish because many people think that they are trading long futures. And in this, the market maker plays the opposite game with the market.

Anyway, Bitcoin is in a good position now and it is expected that it will create a new all-time high very soon. Although most are predicting 2021. But what I think is that this will not happen easily. I don't know why, I think that retail investors will have to face the painful state of the pendulum before the year 2021 repeats. Because the situation that is currently being created will not be able to handle this situation equally. Maybe many may get out of all these markets. Many may lose patience and lose money. Then what I think is that then the real game can start in the market. If the past repeats itself, then very soon we will see a good situation and we will see something good in each coin. But I think if you do not need the money and you are planning for the long term, then refrain from everything for now, especially refrain from looking at the portfolio repeatedly. Anyway, this is just my opinion. However, you should analyze it well yourself.