How to identify bitcoin bull market highs?
As a keen observer of the cryptocurrency market, I'm always on the lookout for indicators that signal a bitcoin bull market high. Could you elaborate on some of the key factors that investors should consider in identifying such highs? Are there any specific technical indicators or market sentiment metrics that tend to precede significant price rallies? Additionally, how does one differentiate between a sustainable bull run and a mere market bubble that is prone to burst? Insight into these areas would be invaluable in making informed investment decisions.
Why are Bitcoin prices off their highs?
Could you please explain why the prices of Bitcoin have fallen significantly from their peak? Is it due to a lack of institutional interest or investors' waning enthusiasm? Have regulatory concerns played a role in this decline? Or is it simply a natural correction in the volatile cryptocurrency market? Could you also provide some insight into whether or not you believe Bitcoin prices will recover in the future, and what factors might influence this recovery?