However, once again, as long as it is Bitcoin, we should be more patient in waiting for the real bull run, we will be able to enjoy the results. Just be patient and not being panic every time the market changes happening, moreover because of FUD spreading that can cause the price drop for a while.
Historical data certainly gives us an idea of the nature of a coin like Bitcoin By seeing the historical data we can build confidence in ourselves for long term holdings even when internal or external factors are causing great panic that confidence becomes useful to keep us calm and be patient about our investment so in the end with the right exit strategy we can make high profit.
If we have decided to hold for the long term, we should not panic when seeing fluctuating market movements and do not panic when there is bad news hitting crypto. because based on history, bitcoin will reach ATH next year and many predict that the price of bitcoin will exceed more than $ 100K.
Historical data is to build such knowledge in us so we could save ourselves from such panic and the chances for BTC touching $100k is very high in the next year but it can be a marketing technique to excite investors to make buying.
It is prudent to closely observe the price oscillations and not panic when observing the weird moving average or when hearing a negative news on crypto if we are interested in holding for the long term. Such ups and downs are characteristic of the market and have little to do with the primary value; Bitcoin has regularly risen to new highs after similar swings. While many consider that Bitcoin may reach the $100K in the future, it’s wiser to stick with the long-term profit forecasts, not getting drowned by short-term emotions that can threat the long-term confidence.
Without being prudent we can't survive in crypto and panic is one of the many things we must survive because that why its called panic in the first place newbies face panic because they are new but with time they matured.