Post
Topic
Board Speculation
Re: I think Bottom is gone
by
michellee
on 04/02/2023, 16:25:41 UTC
Even if bitcoin hits $25k and can hit $30k, it still can't say we're in bull season, bear season isn't over yet. What is happening is just a short term bull run, don't let the market fool you, as there is a good chance that after the bitcoin bull run, there will be a correction afterward. I predict after this rally bitcoin will correct below $20k again but there will be no new bottom.
That's because if the price is still at $25k to $30k, it is still lower than the last ATH so it can't be called a bullish season yet but it was the recovery phase of the market before getting a bull run. But even so, we can be happy because, in the end, the price of bitcoin can start to increase slowly, and if the bull run moment returns this year, which makes the price return to around the last ATH price, it will only be a matter of time until the bull run comes. Hopefully, no more lows below $20k and the bitcoin price can stay above $20k for the bottom.