Post
Topic
Board Speculation
Re: New ATH hit. Anyone, ever bought BTC, is now at profit. Welcome to fraternity...
by
Yaunfitda
on 17/10/2024, 17:58:43 UTC
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.
Well in this market though, there is a pattern that we have seen in so we should say that we should believed but it's not a guarantee that it should repeat itself. Remember that it's the first time that we have seen Bitcoin getting into a new all time high before the halving, and now we are in a struggle to beat that new all time high as we can't or have difficulty getting into that $70k range. 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.