The movement of bitcoin is of course difficult to predict, when we are too optimistic that the price will continue to rise what will happen is the opposite, just like what happened at the end of 2021 when the price reached $ 69k made me excited to buy because many believed the price would soon touch $ 100k, unfortunately the price continued down until the end of 2022 to reach the lowest level of $ 15k, under any conditions, of course we must be vigilant, if there is a daily change of more than 5% then take action immediately.
When you are too optimistic and expect the price to continue rising, even though the price has reached the upper threshold, or is already Overbought (RSI value exceeds 70) it is a sign that the market is getting saturated and it's time for a correction.
When you decide to buy at $69k which is the highest price, it's just a push of FOMO that happens that the market is going to reach $100k.
But in reality, you fall into the trap.
You can't just rely on trust, but you need to look at the chart whether the market is getting saturated or not.
That's because if the price is still at $25k to $30k, it is still lower than the last ATH so it can't be called a bullish season yet but it was the recovery phase of the market before getting a bull run. But even so, we can be happy because, in the end, the price of bitcoin can start to increase slowly, and if the bull run moment returns this year, which makes the price return to around the last ATH price, it will only be a matter of time until the bull run comes. Hopefully, no more lows below $20k and the bitcoin price can stay above $20k for the bottom.
Bitcoin price is still stable above $ 20k and yesterday touched $ 24k. Hoping it will continue to improve, But a correction is sure to occur and some FUD will start to appear to influence the market.
Whales will not stay silent, they will manipulate the market and take advantage of every manipulation that is done.
A slow recovery is needed to build up volume to be able to reach higher prices.
When the bitcoin price reached its last ATH in the last year, then there is an opportunity to start reaching a new ATH because FOMO will occur and everyone starts to believe ATh $100k will be reached.