I think right now is the accumulation phase in crypto. The price is doing sideways while the price of altcoins are somehow increasing gradually. There isn't really much going if the whales are really manipulating the prices except them buying some altcoins which is why the prices aren't at all moving up. I say we are in the bullish and a break out soon will prove this statement.
We will have to see what happens, it seems there is a positive sentiment in the market and while this is positive it also makes me anxious since the whales are experts at manipulating us and this could be nothing more but another of their manipulations.
I really hope the price goes up and we see something similar to what happened 2 years ago but I cannot stop but feel unconvinced since 2 years seems too short of a time to see bitcoin challenging its ATH.
Why do you think that 2 years is too short for bitcoin to challenge the last ATH, bitcoin is a dramatic coin and it could bring up its bull run at any time. How would we have thought that bitcoin could challenge the bear market around April this year and got a massive increase to $13800?
So, if bitcoin can do that this year, then I don't see it finding it hard to reach the last ATH soon and even go far above it and the time that I see this happening is during the next halving if next year when miners will be rewarded, this has the tendency of also causing a FOMO buy and which we know the effect of that. We have to watch out for next year and do everything possible to prepare fully for the next year bull run by investing in bitcoin now that we still have the chance.
If for you that makes sense then that is cool to me it does not, we need to think about what happened, many want something similar to what happened in 2017 to happen again but have you stopped to think about all of those that lost everything?
They were not a minority and they are not going to forget about what happened and many of those that did not joined the market but that have been watching it are not going to forget either, the growth that happened in 2017 was not only because of the halving as many speculate it was because of segwit and until we have a development as big I do not see bitcoin breaking its ATH.