Post
Topic
Board Trading Discussion
Re: When Bull Market will Start
by
jaberwock
on 31/12/2021, 10:01:56 UTC
This year has a day left so there is no point in expecting any bull runs again this year, 2022 is surely going to be a bullish year because the price had corrected well enough at this point in time and probably the dump or correction of the market might be as a result of exchange of bitcoin to fiat by the Chinese in preparation for their new year celebrations, once that is done, I am optimistic that the bull run will trigger in 2022 all that is required now is to hodl, wait and expect another ATH in 2022 which well achievable because history repeat itself.
Almost everyone expected the price of bitcoin to reach another high price before the year runs. There were even people who were predicting that bitcoin will reach $100,000 before 2021 is over, but now the year is over and Bitcoin still stays at below $50,000. I never believed what they were saying, because I personally felt that the bull run was already over for Bitcoin and it has reached the highest price that it would for this year.

Although I was kind of going to believe what they were saying when the price of bitcoin reached $63,000 and dropped and still came back again to cross that price to reach a new ATH. As for next year, I am not really looking forward to ATH price, but I believe the market would do well.