Re: Is it bearish season yet?

Hello guys, the cryptocurrency world have witnessed an rise in fortune in the last one month or so, turning a market cap of 2 trillion USD. Now suddenly we are witnessing red candles. What's going on? Is it a massive correction or are the dreaded bears coming upon us?

Then just five days after your post, what do you think, OP? Still bearish, or suddenly became bullish?

Zoom out. Bitcoin is on a path to price discovery going to 6 digits, and it will become a world reserve currency. No one believed the people who said it last year, and thought it was just shit-posting. They believe it now. Everyone is shit-posting. Cool

And after just 3 more days we now have reached a new all time high, people need to learn how to relax, I understand that many are worried about a 2017 kind of crash coming and I get it but it seems that the circumstances are really different right now and we could get to 6 digits before the end of this year, especially if governments keep printing as much money as they have been doing recently, however is it really shit-posting if they were right all along? Are they not misunderstood visionaries instead?

However, we have seen some minor dump in the market in the last 24 hours, maybe there's a FUD or something, but there is news that someone move $1 billion. Anyhow, we above $50k, still a good sign that we will have a strong support along that price.

And again, no need to panic, another great opportunity to buy again in this correction. And it's not a sign that we are in a bearish trend already. Just minor hiccup because of some negative news.

I also noticed that small correction after we reached 61k but it is normal, the price is once again challenging the 60k level and it could be a matter of days before we go back above it and we could reach yet another ATH, I would have thought that people would have getting used to the way bitcoin moves, I understand that if this was the market of gold and we saw such a correction I will be extremely worried but in bitcoin this is so common that is not even newsworthy.