Since last two years bitcoin dropping under $20k and right now success break out new ATH its impossible has second opportunity for bitcoin dropping below $20k again. Seems impossible for bitcoin how decreasing more than 60% raise under $20k behind many people or investor keep holding their bitcoin for expecting will raise above $100k.
I didn't say it is impossible to drop under $20k again. But it is unlikely to happen in the near future, specifically during the bullish season. We all know that Bitcoin will tend to keep growing its price during the bullish season. It even usually creates a new ATH, and it already happened in this year. But if we consider the history of the previous cycles, the peak should be in the second year of bullish season.
Ethereum ETF approval make bitcoin more strong and get trusted from many investor for the future will increase more higher price, its lucky for investor brave buy back when bitcoin decreasing under $20k last two years ago and right now earn much profitable above 200% more.
Unfortunately, the news only brings temporary impact on the price movement. Few days ago, the price of Bitcoin can be above $71k but it dropped again to $67k. If it is the only impact on the price, it won't have a big influence for the long run. Sure, people who bought Bitcoin below $20k must have big profits now. But I guess they keep holding until Bitcoin hits $100k.
This is to show that bitcoin price are always being moved by positive news and the price can't be stable or being stationed in a particular price level.
Bitcoin price possibly moves by bad or good news. However, it is probably temporary movement. No, the price of Bitcoin will never be stable, Bitcoin price will always fluctuate. It is the nature of Bitcoin, so it is impossible that Bitcoin price will be stable.
When investing in bitcoin we should know that it's a long time project couples with the 4 years cycling movement which we should know as an investor that there is every possibility that the price gonna change anytime any moment vice versa.
Most people who understand the cycle, they should invest for 3-4 years at least. They know 1 cycle to take 4 years, the price will hit a new ATH in the next 4 years. So, people probably adjust their target with the cycle. People must analyze the pattern of the price increase from the previous cycles.