Post
Topic
Board Speculation
Re: Bitcoin metrics “INSANELY BULLISH”! Can the King go to 200K or more this cycle?
by
batang_bitcoin
on 01/11/2021, 14:40:15 UTC
I'm enjoying the ride and will be more optimistic if the market goes to the way that we don't like to but has to happen which is the bear market.
Yeah bear market is inevitable as the same bulls are the core factors to trigger it; profit booking must be the first reason for bearish trend. So, regardless of how much positive we are while bullish trend, we tend to act to exit which is basic human nature to protect the profits. So, how intensively being bullish right now may not be insignificant when people psychologically getting ready to exit; this is the reason round numbers are acting like strongest support or resistance levels.
It's like folding and expanding and it has to happen because we've been used to the market. We're aware of what's next and which is which. Took some profits already and I'm happy that even it's not the peak, it's already good on my end that I have to do it so that I don't miss taking profits if the wheel doesn't go along with what we want and that's the continuous bull run. But good things comes to an end and with a cycle just like the market for bitcoin.