Insights Analysis When will Bullish Bitcoin Surpass All-time Highs?

When will Bullish Bitcoin Surpass All-time Highs?

February 14, 2024 Analysis
BITmarkets | When will Bullish Bitcoin Surpass All-time Highs?

Since the start of 2023, Bitcoin has been on a strong upward trend, prompting investors and traders to wonder when to buy in.

1 day time frame

BTC141

BTCUSD - 1 Day Time Frame

You've probably heard the saying "Buy Low, Sell High" before, but it's not always easy to know when prices are at their lowest or highest points.

In the current Bitcoin market, prices have surpassed previous highs on the daily chart, meaning big players are cashing out profits. This usually leads to a correction, creating an opportunity for them to buy back in at lower prices.

While we haven't seen the peak yet, we can identify a zone called the Inversion Fair Value Gap (IFVG) zone, shown as the blue area on the chart. There are also other interesting zones nearby, like the Buy-side Imbalance and Sell-side Inefficiency (BISI) zones. If a correction happens, the price is likely to dip into one of these zones.

On the flip side, if prices keep climbing and stop just short of their highest point, it might be tempting to buy in then. This is because there will likely be a lot of people looking to sell at that high point, creating a lot of liquidity in the market.

However, this option is riskier compared to buying during a correction.

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