Honestly i still feel its a bull trap and bitcoin will reach down below 5800$, before real bull market begins...How many of you guys agree with this ?
BTC will still be number one. BTC's total supply is only 21 million. Only about 18,061,862 in circulation. While the number of enthusiasts is increasing every day. Then the price of BTC has a big chance to increase. So it's impossible for BTC to die or be defeated by another coin.
market needs as well as the total number of bitcoins in circulation do have an impact on high prices, people in the market are still hunting for bitcoin as a digital investment so it's not possible for bitcoin to die as long as the demand continues to grow
Nobody talks about Bitcoin's death. The conversation is about whether the bear market is over or not yet.
Until now, I thought it was the end of the bear market, but after what happened yesterday I think the price will fall until around February - March next year. Whales will do everything to buy as much cheap BTC as possible before halving.
Then what exactly do you consider the rise in price all year long? Bear market? Some of you seem to be forgetting that just at the beginning of this year, the price of Bitcoin was about $3700. I'd say we already left the bear market a while ago and are trending upwards. Have been this whole year.