2023-04-14 14:00Basically I do not understand the reason for so much volatility in the market. Is this volatility a good sign of the market or a bad sign of the market?
If you check the cryptocurrency charts and also if you check the charts of stock market. You will never see a straightforward chart from bottom to top or vice versa. Any volatile investment has this zigzag pattern of up and down. That is the reason you should know that volatility is neither a good sign of market or a bad sign, rather it is simply the nature of the market.
Bitcoin touched its all-time high of $31K which is the 2023 market high. When the market reached $31K we had an idea that the Bitcoin market would soon reach $100K.
Market reaching $100k is not an easy thing and I will advise that we should not think much about it. During the last mega bull run that happened, $100k which was the target failed. It will be very difficult for the marker to drag such a FOMO that will pull it to $100k. Our best expectation is something close to or slightly more than ATH.