Post
Topic
Board Altcoin Discussion
Re: The long term way is down
by
traderethereum
on 24/02/2022, 03:01:07 UTC
I'm not confused that BTC will reach a new ATH this year anymore since we entered 2022 every recoveries are not strong, on the long run the way is always down, what do you think? I'm i wrong or right?
Yes, we are in the bear market now, but I will call this a correction because the price seems to sustain for the worst.
If you are confused, you better not enter the market and not force you to buy any coins because that can make you buy at a high price.
You should have more patience waiting for the situation to back to normal to analyze the market.
The recoveries will always try to make the price lift. Although it seems hard to do, we know that bitcoin is strong enough to rise from the bottom.
Still looks not chance for Bitcoin can touch all time high on this years because have been dominance for bitcoin last two years with always make new all time high, have possibility with cycle where bitcoin halving impact waiting for can reach all time high again for bitcoin. Looks need three years later for bitcoin back to top price. Still with my assumption only looking how bitcoin chart and price last tow months on this year. Not any possibility for bitcoin can reach higher price although not any bad issues publish by United State and China as countries not support with bitcoin.
It seems so because the price is back down again after yesterday's gain and is holding at $37k.
We don't know if the price can stay at $37k or go back down again as there are no definite clues about that.
Hopefully, there won't be a need to wait until three years later for bitcoin to return to its highest price or if that's the case, we can just be more patient to wait.
We are almost seeing the end of the month and hopefully, in the next month, the bitcoin price can get a long rally to climb back up.