Three things stuck in my mind this week:
1. It might take a few more months before BTC's price finally exits the bear market. That is if we have a similar situation to the 2018 bear market where fear and greed levels plateaued for a whole year.
It might take a year or two... Be prepared for every possible scenarios.1. It might take a few more months before BTC's price finally exits the bear market. That is if we have a similar situation to the 2018 bear market where fear and greed levels plateaued for a whole year.
2. BTC's price free-fall will slow down between $24K and $27K unless more macroeconomic and geopolitical risks emerge.
Hopefully +27,000$ is the bottom. There is a lot of effort to keep bitcoin above 29,000$ at this moment and that is really nice to see. The longer the price is kept on this range the better for raising morale and confidence among investors. On the other hand, macroeconomical effects are inevitable: in few months bitcoin is probably going to face another crash due to US FED hiking interest rates once again.3. Short-term holders are responsible for most of the capitulation (day trading and scalping don't fall in this category, right?).
I think it's more about whales and institutional investors. Short term holders don't have too much influence on the market volume... They are small fishes.But one thing has a high certainty---the bear market is temporary.
The bull is not a matter of if but when.
Totally right! The bull is not a matter of if but when.
