Post
Topic
Board Speculation
Re: When will the bears take advantage? This bull run lasts so long
by
Lucius
on 10/06/2024, 14:17:18 UTC
I think I need to be more concrete. It's definitely not a time for a full bear market because halving happened a month ago and at least for a year, the bull market is guaranteed but isn't this rise unusual? Since November 21, 2022, Bitcoin's price has been going up and up from 15K. What triggered it? It went up from 15.5K to 73.7K and there hasn't been a single moment of a significant struggle for Bitcoin's price since that day.

Do you remember what happened when the Do Kwon scam project started to fail - or what happened when the scam project from the "genius" Bankman collapsed? The price of $15k was a direct result of those scandals, and after a while the market started to recover and behave more optimistically, considering that the approval of spot ETFs in the US became more and more likely, considering that BlackRock joined the game.

I don't know if you have been active in the past two years, but you are asking questions that you should know the answer to. You and everyone else should have realized how important the spot BTC ETF (US) was to the price, but you obviously thought the halving was the only thing to wait for.