So basically last year was full of great ups and downs, but this years bitcoin doesnt have that amazing news or the great interest from the people who doesnt invest or doesnt own, like last year my father came and asked me about btc (when it went higher than 10k$) but now it is just back to the normal state which is only interest from the holders.
So let me re ask my questions: Do you think it was just a trend? Or it is a wave that has ups and downs, and will come back again?
Or do you think it is just something normal to happen since people believed it is just a trend?
/discuss
It's called cycle. Right now we're obviously we're in the bearish one. 2018 was the start of this cycle, so there's a lot of ups and downs and then we stabilizes around the $6k-$6.5K levels however, it dramatically fall because of all the BCH drama. If we're going to look at it's past history, bitcoin works that's way, bullish/bearish cycles.
If we take time to understand this really explained things which is ongoing right now, the cycle that we are analyzing we are hoping that
we will be able to catch up with the market next possible directions, we are looking for hint when the next cycle will begin so we can have
our early calls placing our target entry price.
Right, this really says what this ecosystem is all about, bear/bulls cycles. The last bull cycle is 2015-2017 so obviously, we are just waiting for the market to reset again and go to a bull cycle. There's no way that the bearish trend will last forever, just a matter of time before the bulls finally takes over again and a new trend emerges.