Post
Topic
Board Speculation
Re: What is your opinion on recent bull market, will it be over soon?
by
Taskford
on 26/10/2021, 10:58:11 UTC
We probably have until January 2022, but everything afterwards is no man’s land, where only the desperate degenerates are.
I'm not sure what "retrace" you're referring to, but given how optimistic the market is right now, the first bitcoin ETF will do a lot of good.  I'm sure the market will come up with plans to extend the optimism to that.  Any crazy bull run is exciting, wait until you have ATH at 73k6 before there are days of slight drops.

Q4 is very promising for a crazy price increase, Taproot launch in November... the most important time for the market to enter a new journey will be.

Maybe what he meant is that we are all looking at December to reach a new all time high probably in the range of 6 digits. But what's going to happen after that? are we going to go bearish and have see retracement along the way?

So right now though, we are in bullish phase so from Nov-Dec there's a lot of things that can happen. We have the Taproot in November that will have a big impact and then the usual December end of the year rally. But what comes next? we really don't know.

We don't know what will be the outcome after that but what mostly happen is the dump will follow since for sure many will get enough profit and cash out after the 6 digit mark hit since this is the target of many people before they take their profits. But hopefully bitcoin price will sustain and we can see more bigger picture of it even if the price crash after huge ATH price out reach out.
The bull market for bitcoin has already started and i think it will last long maybe after this year ends. December is the target month wherein bitcoin will certainly reach its new ATH and when that happens, its a sure thing that people will go on a panic selling knowing its a holiday season and everyone will celebrate, and since its the most awaited moment for bitcoin. So after that, its always predicted that prices start to dump and we will witness again another bearish season. And with that, another opportunity comes for those who want to start buying coins while their prices are in bargain again. So there's no really lost opportunities in crypto, only weak hands do.

Hopefully that is it and the bullish state seems so strong this quarter of the year so hopefully we can see more great picture on next following month so that we can really see that price to reach another more ATH again.

I know many think about people will start to cashout their earnings due to the season but I really don't think also that it will create any huge effect since for sure many will hold as next year is so promising. The one we should look at right now is the whales so again hopefully no manipulation attacks will occur so that we can't see any disturbance of current state of bitcoin.