Quote from: MFahad on Today at 06:21:28 AM

Quote from: Cointalk83 on May 15, 2021, 10:12:37 PM

noob here. BTC has been trading sideways for 3 months now; after the elon tweet, its' struggling to get above 50K.
Is their another run up or have we peaked alreay?

3 months of sideways movement means that people are not willing to sell and they are keep on accumulating bitcoin. I am sure that we will pump very high again in the near future.
Being a noob, you should not get panic and try to look on the big picture. Bitcoin is bullish fundamentally.

Over the long run, bitcoin is bullish but i think in short term we are due for a big correction. However i wont say that 60K was the peak of this cycle. I would not consider the peak until bitcoin crosses over 100,000$ or more. As you mentioned, no need to panic who are holding bitcoin for long term.