I was thinking BTC was going to be on a down hill mostly until near end of 2023. Do you believe this is a bull trap or true recovery for next bull is now here?
I would be interested to see what you people think and why.
:3
1.Your forum nickname is weird. Who is bullying you?
2.The recent price spike is temporary. We will be witnessing many price pumps and drops during the crypto winter. I wouldn't call it a "bull trap" because the serious bulls haven't started buying yet. This definitely isn't true price recovery, because there isn't such thing as "price recovery". The current price is what the market wants, because it balances the current market levels of supply and demand.
The ATHs in the past were a result of FOMO price bubbles. I'm sure that there will be more FOMO price bubbles in the future.