Post
Topic
Board Speculation
Re: Seems like the bullrun is over this year!
by
TitanGEL
on 04/12/2020, 09:49:48 UTC
3 days ago yet the market is tumbling.
Bitcoin is not supposed to go up every single day of the year! This is not some pump and dump shitcoin that is here to give people quick profit before it dies again. Adoption and rallies take time, they can't happen over night.
Over the past 30 days price has gone up 42%, what else do you expect?
The prices do not go up forever, there are misconceptions in this type of market wherein majority of the people are thinking guarantee of winning by just buying bitcoin. They do not know that there are right time of entry and exit. Just because the price of the bitcoin is currently moving below its ath it does mean its already bearish? The answer is no and it is only 3 days and you just concluding that the market is already bearish. Do mot expect that the price of the bitcoin will just up because consolidations and retracements are important and it is not even a sign of weakness. The bullish is just starting up so develop your patience and try to focus on improving your technical analysis skills.