Bitcoin has made good progress today compared to last three days today Bitcoin almost touched $60k ($59,390) as a result we have seen decent progress in other altcoins as well. Either this is a breakout point wherein bitcoin will proceed towards new ATH or a bull trap but I don't think it would be a bull trap as market just went through correction phase. What's your opinion on bitcoin at the moment?
For now I don't think bitcoin will be able to reach new ATH until mid-2022, the correction is still continuing to this day, even if you pay attention to the previous month, bitcoin has not been able to recover the correction to the maximum, this means it is difficult for bitcoin to reach new ATH in the beginning year, even so I believe bitcoin in the middle of 2022 will experience a good increase, let's see what the middle of this year bitcoin will be like.
On the contrary, maybe we will not see any new ATH for 2022, not until mid-2022 if we suddenly goes into a bear market. And this correction that we are seeing is not a correction per se, but the start of a downward trend similar to what we have seen during the start of 2018. And I have seen members back then doesn't want to believe or at least turning turn heads when all signs of a bear market is already here. So all I'm saying is that we should just be cautious first and see what's going on around and think that somewhat a bear is imminent in this market.