Post
Topic
Board Trading Discussion
Re: Bitcoin please stop going sideways now
by
Baofeng
on 26/11/2020, 22:34:20 UTC
It was always going to be a bull run once we hit $10.5K.
I expected us to continue the rhythm of small pumps and slightly smaller dumps while breaking the ATH.
However, bitcoin dumped hard today.
What's your thought on the bears still having considerable leverage in market prices?

Refer to: https://www.youtube.com/watch?v=_PXU0thDHCU

Don't you worry, this is just part of the market cycles, and again, why would someone want a continues and parabolic rise in bitcoin? We have seen it in 2017, after that historic rise and breaking into a new all time high, we entered into a bearish cycle.

So that is ok to see some occasional dumps along the way, 10%-20% dip is but normal. What you should understand is that after this dump, we might see a big chance of bitcoin breaking into $20k, possible before the end of the year.