The price of bitcoin increases all the time so I am interested in holding on to it. Is there a limit to this bitcoin season?
Did you mean the limit of Bitcoin price that is rising up so highly?
Yes, there is.
In crypto, there is a well-known cycle, named:
- Bearish era: a rising market
- Bullish era : a declining market
Completed source:
https://cointelegraph.com/learn/bull-vs-bear-crypto-market-what-is-the-difference-and-how-to-handle-bothCurrently, market conditions are alternating between bearish to bullish, even for some coins, it has actually started to be Bullish. Like Bitcoin, it has already passed the ATH (all-time high) of last season's bull run. But this time, it happened before the halving. Oh yes, you also need to understand Bitcoin halving to know more about bull and bear markets, because usually there is a connection.
Completed source:
https://www.blockpit.io/blog/bitcoin-halvingSo for now, it is possible that Bitcoin prices will rise again drastically after the Bitcon halving which will occur in April. Usually it will skyrocket higher. It's just that we don't know what Bitcoin's highest value will be, and when it will happen or end. So, you also have to keep checking the market if anything happens (don't panic).
So, if Bitcoin has reached its highest price (in the bullish era), then usually another cycle change will occur, namely the price of Bitcoin will crash (quite) drastically in the future. and in the end it will fall again many times from its highest price. So, if you want to take profits, do it before the market crashes in the next bearish era. Don't panic about various market conditions. monitor and follow news related to bullish and bearish eras, related to Bitcoin, and also related to altcoins. Without monitoring the news, you might miss the moment and this is quite risky for those of you who want to take profits in the bullish era. Learn more about bull and bear market eras in various sources.