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?
So you mean the whole year will be a bear market because the recoveries are not strong enough?.. It is too early if we determine that this year of 2022 is bear. I believe the bullish will happen in coming months so let's just be patient. As of now the market is trying to recover so I think it is a good sign that we will escape this bear market soon.
The funny thing is, we are almost higher than the price we started the year. We started with 46k that's true, and we were at around 56k+ prices just 3 months ago, that's true as well. But we need to remember that at the first month (January) we reached as low as 33.5k prices. Right now we are 30%+ higher than that. So that shows us that we are already at a recovery and doing a lot better. Doesn't mean that we are doing awesome right away, of course we need to do a lot better, but a 30%+ increase on YTD lowest point is a great way to continue. I hope that we will do a lot better in the long run, but nothing is certain for the time being.