Post
Topic
Board Speculation
Re: Is $65,000 the peak of this bull market?
by
jaberwock
on 01/06/2021, 19:00:12 UTC
BTC still holding the $35,000 level. Although we cannot be certain, the technical indicators and Bitcoin psychological trends support the possibility that we will see a rally soon.
Hopefully, Bitcoin will see new all time highs.

Do you think $65,000 represents the peak of the current bull market?
By the looks of it we have to accept that the bull run is done for now and the peak was that level, this doesn't mean that we will never go up, it just means that we would have to separate the next bull run and the last bull run into two that's it. Like let's say from October to early may it was a huge and very long bull run right? That's a bull run, now we are done, and if we ever go up, which I think will happen soon enough, we have to call that another bull run, not the same bull run going on.

It means that we can call the peak of this bull market at 64k and do not have to calculate anything else. However I am not worried, I am 100% certain that one day I will see 640k bitcoin and not just 64 because I know that things are looking great for the future of bitcoin. The more terrible fiat gets the better it is for bitcoin and the fiat world just sucks sooo bad.