Post
Topic
Board Bitcoin Discussion
Re: Why is Bitcoin market dominance rising fast?
by
Herbert2020
on 05/09/2019, 06:25:05 UTC
Many analysts have confirmed the change in tendency, to bullish, although some still think that the bears will arrive, when observing the Bitcoin chart, according to Wyckoff's theory we are starting the bullish trend phase, and before that some falls and corrections occur, It is normal, the fight between bulls and bears, but given the time that Bitcoin movements have taken place, the increase in price is expected.

there are always going to be a lot of people who are waiting for a crash to happen in any market and then call that a "correction" that doesn't mean bears will be back or even if the crash they expect is going to happen.
the problem with these people is that they have unreasonable expectations from the market. for example right now in bitcoin, the correction has already happened when price reached $13k and came back down to $9k. and that in a very long and sufficient time to not just be an excited market state, it was a proper correction and everything.