We are in the midst of an echo bubble. We will continue to pump, but will not see ATH this year. My cost basis is at $47k because this is strong resistant point for btc and I’m sure that we won’t pump above that. Believe me, I’ve been bag holding for a while now and there is zero chance I get to sell for a profit this year…
Thanks, I haven't heard echo bubble though, lol, care to explain it further? And I do agree, we won't see any ATH for this year, it's too early to see the price getting over the $69k range. And most likely we might see the price just above $40k this 2023.
But it is good though, just last year in November, we've seen the lower lows. But now this year, it's every different, we have this sort of run that every one talks about as if we are in the bull run like 2021 but we are not. So it's better to just continue to accumulate bitcoin as much as we can.