I loved Dec. but now the bear cycle came down on us so fast like an elevator. So what does that mean for the near future are we taking the slower stairs back up for BTC?
I'm glad we had double-digit growth couple days ago, but now it's like so slow and not just busting through $9-$10k.. what the heck BTC.
What are your thoughts, elevator down and stairs up or not?
We are still in the bearish trend but its good that bitcoin is slowly recovering in the last 48 hours. But its still a long way to go for that 5 digits again but at least we have seen it bouncing back and maybe preparing for a break out run. July seems to be a good month for us and again this perhaps is a good sign that we might see the price goes to $10K-$15K in the next couple of months so stay tune.
Remember the last year when we took the elevator and the price rise to 20K in just a matter of weeks. So it has to come down as fast as it has gone up. Going through the stairs means there is almost zero percent chances of bitcoin going to fall again and this is what all the bitcoin investors want.
Probably you are referring to consolidation period.
Trust me, we are not even there yet and a lot of people will be so bored during this moment of consolidation than what you are seeing now. This is when I term as the long term accumulation period though.
For now, the chances of us going down more than moving up is higher and if there is going to be any up movement for now, it sure will be some little move upward and nothing too serious since there is a lot of uncertainty in the market and smart moneys will be totally out for now.