Bitcoin's Price Surges from $41K to $120K Amid Market Frenzy

In January 2021, Bitcoin hit a new all-time high of $41,000. During that time, many Telegram channels and Twitter accounts were urging investors to lock in profits, suggesting it was the peak and encouraging short positions. I also closed my positions in BTC. However, I recall seeing a post from an expert in one Telegram channel—though I can't remember where—stating, 'Bitcoin has reached $40,000! Time to buy!' This seemed crazy because it's the market top! Who would buy at a peak? Later, Bitcoin's price dropped slightly, reaching as low as $16,000. Over the past five years, Bitcoin has broken through another all-time high. It’s a frightening moment, yet now some claim, 'Bitcoin has reached $120,000! Time to buy!' This sequence of events highlights the market's volatility and the challenge of market timing. It also illustrates the widespread influence of social media sentiment—often contradictory—on investor behavior, and underscores the importance of disciplined investing strategies regardless of hype or fear.