Analysis: BTC Price Trend to Experience Normalized Short-Term Bull-Bear Cycle, Investor Sentiment Trend Today Returns to Positive
BlockBeats News, September 12th, On-chain data analyst Murphy stated in a post that, according to Glassnode's Investor Sentiment Confidence Index, based on historical data, even if today's investor confidence index has returned from the hesitation zone to the positive zone, it does not necessarily mean that BTC will definitely form a new upward trend. Similar to July 2023 and June 2024, the rebound's limit was always near the previous high. The current market is highly confusing. Although it has been proven afterwards that even buying at the peak and holding steadfastly can benefit from the subsequent increase, only a few investors can hold their positions firmly.
Whenever Glassnode's Investor Sentiment Confidence Index shifts from positive to hesitant, it serves as a reminder that market confidence is reversing, indicating that the trend may be coming to an end. Whether BTC will continue to follow the four-year cycle in the future is unknown to all market participants, including institutions. Short-term bullish and bearish phases may become the norm for measuring BTC's future trends. The method of using a -70% price drop or a several-fold price increase to describe the bullish and bearish cycles will become ineffective.
You may also like

The Aave civil war escalates, Morpho quietly doubles: Is the lending throne about to change hands?

Dune Stablecoin Research: The Flow and Demand of a $300 Billion Market

Stripe Annual Letter: New cognitive density is extremely high, especially the 5-level model of "AI + Payments"

Sam Altman's Twenty-Four Hours: The Pentagon said "no" twice, but only one was serious

The US-Iran Conflict Spreads to the Crypto Space: What to Expect in the Market on Monday

Lily Liu, the chair of the Solana Foundation, shouted "Don't waste time on crypto," is the crypto industry really dead?

The little deer live by the water and grass

The world belongs to Chinese people who speak English

Why Stop at 126K? Michael Saylor Breaks Down BTC Stagnation and Retail Absence Truth

Virtuals Protocol's inaugural Titan project: ROBO aims to give a wallet to a robot

Stablecoin Latest Report: Actual Distribution and Circulation Much More Notable Than Supply

Paradigm's New Arithmetic: When Crypto Can't Hold 12.7 Billion, AI Becomes the Answer

Wintermute Founder: In the Lost Cryptocurrency Market, What Can We Still Do?

$1.3 Billion Debt: BitDeer Faces Tough Battle

Anthropic's IPO Gamble: At the Most Unlikely Moment, It Chose to Say No

Paradigm's Math Problem: $12.7 Billion, Too Big for a Single Crypto Fund

Ethereum Unveils Scaling Roadmap, What's Different This Time?
