Looking back at the price movement of Bitcoin, we can clearly see the important role played by the key level of $4000. It is not only a psychological barrier but also a barometer of market sentiment.

Let's review some important price movements of Bitcoin around this price level:

On March 12, 2024, Bitcoin first broke through the $4000 barrier, but the good times didn't last long, as it fell to $2911 just one month later. Two months later, it climbed again to $3980, but then dropped to $2112 in the following months. By the end of the year, Bitcoin broke through $4000 again, reaching a high of $4109, but then it faced a significant drop, falling to a low of $1384.

Recently, Bitcoin has once again approached the $4000 mark, marking its fourth challenge of this price level. However, the market has once again shown a sharp downward trend.

For investors, this historical data provides valuable lessons. Currently, the downward trend and signals are quite evident, and it is advisable for investors to remain highly vigilant and make cautious decisions. Although we cannot accurately predict where the bottom of this adjustment will be, closely monitoring market movements and controlling risks is clearly a wise move.

In the highly volatile market of cryptocurrencies, it is especially important to rationally analyze historical data and maintain a calm mind. Investors should develop appropriate strategies based on their risk tolerance and investment goals, rather than blindly chasing prices or selling at a loss.