Re: Are you bullish or bearish this year?

Are you still bullish despite the huge dump from ATH?

It is bullish, very clear since the early of 2021. Everyone should understand it, this bullish happened following the scheme of Bitcoin halving previously. Sure we have some big dumps during this year. But if we learn as a whole, Bitcoin and altcoins prices are growing greatly this year. Don't think in the bullish season will be no dumps, it should be always there. Correction or dump is a part of bullish, it balanced the crypto market.

many people are not aware of this problem. Many people think the previous drop in prices is a sign that the bull market is over. however bitcoin recovered quickly and bitcoin only lost 50% of its high price and certainly much better than in the 2018-2020 period. currently the price of bitcoin is starting to creep up and will reach a new ATH before the end of the year.

Yes, by no means 62000$ was not the market cycle top. We will reach all time high in December and target should be near 200,000$. It may seems not possible for now but remember that bull run is most parabolic at the end so we can expect anything. The next four months will be bullish for bitcoin and crypto currencies.

This is precisely why I do not think we have truly reached the all time high of this cycle, we did not went parabolic, the price went very high but then it remained there as if it was being artificially lowered, I think the whales did not liked that we could reach such a high price so soon so they manipulated the market so they could buy even more coins in preparation to that moment, and it seems to me they are finally ready to let bitcoin do its thing so 6 figures should be on the cards during the end of this year.