How much do you think bitcoin price is going to rise this year because of all this economical drama?
Bitcoin might not surge like it did during 2020 and 2021 because the bear cycle might be starting. But ZOOM OUT, it might actually give us plebs another golden opportunity to buy near the 200-weekly SMA, which Bitcoin has been crashing through during bear cycles. That's the only DIP I like.
This was what I was thinking when we first reached 64k and then dropped during the summer period, but then in October it reached 68k again. So, we already had a 50% drop and then another 2x or more in a single year. Which made me question if we are in the bear market cycle of the market right now or could that change constantly?
I am not saying that it will change, I mean it could surely change and go to 60k+ too, but could stay here for another year as well and wait for the next halving. Hopefully we would be more like 2021 where we would go up without waiting for the halving, that would be a lot better to be involved instead of waiting for the next halving.