Post
Topic
Board Speculation
Re: TA shows potential bullish breakout - if history repeats
by
Yaunfitda
on 14/12/2021, 23:55:42 UTC
The bitcoin market seems very different today compared to its previous years and history may not work this time as bitcoin is more dumping its price when it should be rising to reach new heights. But still, knowing the fact that bitcoin is even more unpredictable and surprises may come when we least expect it, so i'm not closing my mind that history has still its chance to repeat itself before this year ends. Well, we will only know once we get there. For now, stay optimistic and never resort into panic selling no matter what.
History may repeat itself, but it may also be different from what happened. Expecting ATH during December is hard to come true as I think people are already wary of the downside about a potential bigger dump. If maybe ATH is not reached this December then I believe the market will experience a rapid correction in the end.

The market is still very difficult to predict, while the new variant of covid greatly disrupts price growth because there is a close corelation with stock investors. We can only hope at a time although it looks like it will be difficult this year to $100K.
I think it should be obvious by now that it is going to be very unlikely that we are going to see a repetition of what happened at December of 2017 during this month, however this is not as bad as people are thinking, after all even if we saw bitcoin reaching new ATHs back then that was also the beginning of the crypto winter we had to survive, so as long as we do not see bitcoin crashing like what we saw back then I will be satisfied with whatever result we get.
Yeah, because we have been what? reaching ATH twice already for this year.

Maybe we already reach the top on the $68k ATH or maybe there will be enough push next year but definitely not in December. So the pattern has broken already although as I have said, we still have 2022 to look forward for a still bullish momentum and not comparable to 2017 wherein it was the start of a bearish trend. So let's see how it goes, I'm looking forward already for 2022 and be ready for anything, (bull trend continue or start of a bear market).