Quote from: Yaunfitda on October 17, 2024, 05:58:43 PM

Quote from: LUCKMCFLY on October 17, 2024, 05:54:12 PM

Quote from: justdimin on October 15, 2024, 08:38:03 PM

When you read those messages, you realize there will be some in the future as well, like for example this one is great, but I feel like 2029 will be a bull run too, that's the cycle shows, and in 2028 there will be a ton of people doubting it too.

I am one of those people who does not believe in routines and patterns, but in the market in some time frames it has shown me that it works, incredibly, and I found its logic, because there are always people in the market who take care of a price range, some so that it does not go down, others because they want to lower it, then sometimes the limits that the bulls establish are called the ceilings and the floors or supports are normally established by the bears, then in view of this the logic of technical analysis arises a lot, however it is not something that is always fulfilled, because a multimillionaire can come in and make the price go up and that's it, or the multimillionaire can move the market down with shorts, as happened in 2017 and then buy back cheaper which for me is the smartest strategy, so those are the things that are not measured in the technical analysis and that no news can reach that conclusion, only time.

Although there could be that catalyst next month, the US election that might push the price and we will see if it has enough momentum specially if the supposedly next US President is the touted pro-Bitcoin or pro-crypto. So let's just continue what we have been doing all throughout this cycle, accumulate as much as we can till 2025.

This may be the main reason for the current market decline. As we are so close to the US presidential election, it is very unlikely that we will see bullish movement in Bitcoin during this period, especially until the results of election come out. Such messages have already reached investors. Everyone will try to wait slowly during this time. But I think after selecting president, it will definitely accelerate even more than its previous speed. Since no one has the ability to regulate Bitcoin, any government come to the power bitcoin will be bullish. If any one of the two candidate support Bitcoin, there might be bullish movement in Bitcoin in the short time, but for a little longer, Bitcoin will move at its own pace. 2025 could be a great year for Bitcoin in all aspects. All in all I would say that those who hold Bitcoin will be successful in the upcoming bull run.