Binance founder @cz_binance: "Remember that any drop is just a correction as long as a new all-time high hasn't been established."
BlockTempo's View:
Price movements during the bubble phase are more difficult to predict. We are likely to reach $1 million earlier than 8-10 years ago, possibly several years ahead of schedule. Don't try to day trade or wait for the bottom; continuously accumulating Bitcoin is the main strategy. The next 10 years will be a golden period for creating wealth with Bitcoin.
The price movement of $BTC spends about half its time in a bubble phase, and the other half in slow sideways or small fluctuations. If we ignore the $BTC bubble period and only look at the more stable second half of the price movement, this trend follows a basic logic: certain key factors will affect most outcomes, with an accuracy rate of up to 99%. Even if we assume that no more bubbles will occur in the future, the price of Bitcoin will continue to reach new highs.